Question
Anton Co. uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 560 units of inventory that cost $6 each
Anton Co. uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 560 units of inventory that cost $6 each and then purchased an additional 720 units of inventory that cost $8 each. If Anton sells 900 units of inventory, what is the amount of cost of goods sold?
Multiple Choice
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$7,200
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$5,400
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$6,080
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$7,080
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Management And Cost Accounting
Authors: Colin Drury
9th Edition
1408093936, 978-1408093931
