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Data related to an item of inventory: Inventory, March 1 100 units @ $8.10 Purchase, March 7 350 units @ $8.50 Purchase, March 70
Data related to an item of inventory: Inventory, March 1 100 units @ $8.10 Purchase, March 7 350 units @ $8.50 Purchase, March 70 units @ $9.10 16 Inventory, March 150 units 31 If Ritz Ltd. uses FIFO, the value assigned to cost of goods sold is A) $3,105. B) $2,295. C) $3,187. D) $1,369.
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