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Assume Shopping.com began March with 16 units of inventory that cost a total of $288. During March, Shopping.com purchased and sold goods as follows: Mar.
Assume Shopping.com began March with 16 units of inventory that cost a total of $288. During March, Shopping.com purchased and sold goods as follows: Mar. 8 14 22 27 Purchase 48 units @ $19 Sale 40 units @ $38 Purchase 32 units @ $21 Sale 48 units @ $38 Under the FIFO inventory costing method and the perpetual inventory system, how much is Shopping.com's cost of goods sold for the sale on March 14? O A. $760 OB. $744 O c. $1,200 OD. $1,520
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