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5. ABC Company had the following balances and transactions during 2009. 10 units purchased 9 units sold 8 units Beginning inventory at $70 per unit
5. ABC Company had the following balances and transactions during 2009. 10 units purchased 9 units sold 8 units Beginning inventory at $70 per unit March 6 for $71 per unit March 10 for $100 per unit June 10 for $80 per unit October 30 for $100 per unit purchased 20 units sold 15 units Operating expenses for 2009 was $345 in total. What is total cost of goods sold for 2009 if the perpetual FIFO costing method is used? * 1 (3 Points) $1,663 $1,695 $1,659 some other amount
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