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Arin, Inc. uses the FIFO inventory method and had the following inventory in fiscal 2020: Beginning Inventory, January 1, 2020: 150 units @ $20.00 Purchase
Arin, Inc. uses the FIFO inventory method and had the following inventory in fiscal 2020:
Beginning Inventory, January 1, 2020: 150 units @ $20.00
Purchase 300 units @ $17.00
Purchase 53 units @ $13
Purchase 144 units @ $14.5
Ending Inventory, December 31, 2020: 126 units
What is Arins cost of goods sold for fiscal 2020 is: (Round your answer to zero decimal places and omit the $ sign. For example, if your answer is $1,000.2, type in 1000)
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