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Elm Trimmers Supply has March 1 beginning inventory of 23 units costing $135 each and has an inventory purchase on March 25 of 16 units
Elm Trimmers Supply has March 1 beginning inventory of 23 units costing $135 each and has an inventory purchase on March 25 of 16 units costing $140 each. If the company sells 7 units at $170 each on March 5 and sells 10 units at $175 each on March 21, how much is the cost of goods sold in March assuming the periodic FIFO cost flow assumption?
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