Question
A firm has beginning inventory of 270 units at a cost of $6 each. Production during the period was 730 units at $15 each. If
A firm has beginning inventory of 270 units at a cost of $6 each. Production during the period was 730 units at $15 each. If sales were 430 units, what is the cost of goods sold (assume FIFO)?
$4,320
$4,220
$3,820
$4,020
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
7th Edition
0470931469, 978-0470931462
