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Assume Nile corn began April with 14 units of inventory that cost a total of $266 During April. Nile purchased and sold goods as follows
Assume Nile corn began April with 14 units of inventory that cost a total of $266 During April. Nile purchased and sold goods as follows Apr. B Purchase 42 units @ $29 14 Sale 35 units @ $40 22 Purchase 28 units @ $22 27 Sale 42 units @ $40 Under the FIFO inventory costing method and the perpetual inventory system how much is Niles cost of goods sold for the sale on April 14? A. $1106 B. $686 C. $1 400 D. $700
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