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Assume Fairprice.com began March with 14 units of inventory that cost a total of $280. During March, Fairprice.com purchased and sold goods as follows: Mar.
Assume Fairprice.com began March with 14 units of inventory that cost a total of $280. During March, Fairprice.com purchased and sold goods as follows: Mar. 8 Purchase 42 units @ $21 14 Sale 35 units@ $42 22 Purchase 28 units $23 42 units $42 27 Sale Under the FIFO inventory costing method and the perpetual inventory system, how much is Fairprice.com's cost of goods sold for the sale on March 14? OA. $721 O B. $735 . $1,470 O D. $1,162
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