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Date Quantity Unit cost July 1 Beginning Balance 5 $55 July 4 Purchases 10 $53 July 7 Sale 12 July 11 Purchase 9 $54 July
Date | Quantity | Unit cost | |
July 1 | Beginning Balance | 5 | $55 |
July 4 | Purchases | 10 | $53 |
July 7 | Sale | 12 | |
July 11 | Purchase | 9 | $54 |
July 14 | Sale | 8 |
Assuming FIFO what is the cost of goods sold for July 14 sale?
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