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17 .RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory

17 .RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 403 $ 3,215
6/6 Purchase 803 $ 3,615
9/10 Purchase 1,215 $ 4,015
11/15 Purchase 803 $ 4,230

During the year, RJ sold 3,015 units.

What was cost of goods sold using the FIFO cost flow assumption?

Multiple Choice

  • $11,801,470.

  • $11,664,800.

  • $11,699,335.

  • $11,589,335.

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