Question
A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22
A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it purchased 6 units at $25 each. On November 8, it sold 18 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 18 units sold?
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Management And Cost Accounting
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
3rd Edition
0273687514, 978-0273687511
