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FIFO Number of units Cost per unit Totals Beginning inventory 12 $10 $120 2/3 purchases 10 $12 $120, 2/12 purchases 30 $14 $420 2/24 purchases
FIFO
Number of units
Cost per unit
Totals
Beginning inventory
12
$10
$120
2/3 purchases
10
$12
$120,
2/12 purchases
30
$14
$420
2/24 purchases
10
$11
$110
Totals
62
$970
if sold 65 units sold, what is the Cost of Goods Sold?
FIFO
| Number of units | Cost per unit | Totals |
Beginning inventory | 12 | $10 | $120 |
2/3 purchases | 10 | $12 | $120, |
2/12 purchases | 30 | $14 | $420 |
2/24 purchases | 10 | $11 | $110 |
Totals | 62 |
| $970 |
if sold 65 units sold, what is the Cost of Goods Sold?
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