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Assume Shopping.com began October with 16 units of inventory that cost a total of $240. During October, Shopping.com purchased and sold goods as follows:
Assume Shopping.com began October with 16 units of inventory that cost a total of $240. During October, Shopping.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 Shopping.com's cost of goods sold for the sale on October 14? OA $1,008 OB. $624 Data table C. $640 OD. $1,280 Oct. 8 Purchase 48 units @$16 Oct. 14 Sale 40 units @ $32 Oct. 22 Purchase 32 units $18 Oct. 27 Sale 48 units $32 Print Done
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