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A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units
A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? Date March 1 Activities Beginning inventory 10 units @ $31 Units Acquired at Cost $310 Units Sold at Retail March 2 Purchase March 6 Purchase 10 units @$33=$330 6 units @ $36 $216 March 8 Sales 22 units @ $65 Multiple Choice $856 $712 $784 $743 $681
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