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Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile.com purchased and sold goods as follows: (Click

Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is Nile.com's cost of goods sold for the sale on April 14? A. $1,106 B. $686 OC. $1,400 D. $700 Data table Apr. 8 Apr. 14 Apr. 22 Apr. 27 Purchase Sale Purchase Sale Print 42 units @ $20 35 units @ $40 28 units @ $22 42 units @ $40 Done ... - X -
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Assume Nile com began April wth 14 units of inventory that cost a total of \$266. Duting Aprit, Nile com purchased and sold goods as follows: (Click the icon to view the purchases and sales) Under the FIFO inventory costing mothod and the perpetual inventory system, how much is Nile com's cost of goods sold for the sale on April 14 ? A. $1,106 B. $686 C. $1,400 D. $700 Data table

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