During an accounting period a company has the following sequence of transactions with a beginning inventory of zero:

Purchases Sales

$100$ units at N$ $21080$ units at N$ $240$

$90$ units at N$ $22590$ units at N$ $250$

If the company uses FIFO for inventory accounting, cost of goods sold $($COGS$)$ for the period is:

Question $10$Answer

a$.$

N$ $37050$

b$.$

N$ $36908$

c$.$

N$ $36750$

d$.$

N$ $41250$