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37. Aiello, Inc. had the following inventory in fiscal year. The company uses the FIFO method of accounting for inventory Beginning Inventory, January 1
37. Aiello, Inc. had the following inventory in fiscal year. The company uses the FIFO method of accounting for inventory Beginning Inventory, January 1 104 units @$15.00 Purchase 160 units @$18.00 Purchase 40 units $13.50 Purchase i 88 units @$15.75 Ending Inventory, December 31: 96 units The company's cost of goods sold for fiscal year is A) $4,926.00 8) 54,854.00
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