Question
A firm has beginning inventory of 280 units at a cost of $7 each. Production during the period was 700 units at $12 each. If
A firm has beginning inventory of 280 units at a cost of $7 each. Production during the period was 700 units at $12 each. If sales were 420 units, what is the cost of goods sold (assume FIFO).
A). $3,640
B). $3,840
C). $3,440
D). $3,940
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The Dark Side Of Valuation
Authors: Aswath Damodaran
3rd Edition
0134854101, 9780134854106
