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A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at
A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. On March 6 it purchased 5 units at $22 each. On March 8, it sold 26 units for $65 each. Using the FIFO perpetual inventory method, what was the cost of the 26 units sold?
- $495
- $459
- $583
- $605
- $572
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