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Fun Pencils maintains its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow: Beginning inventory 40 units @ $10.10 each
Fun Pencils maintains its mechanical pencil inventory using the perpetual inventory method. The inventory records for November follow: Beginning inventory 40 units @ $10.10 each November 13 purchase 60 units @ $11.60 each November 26 sale 75 units @ $18 each Using the FIFO inventory-costing method, how much will Fun Pencils report as cost of goods sold for November? Select one: O a. $592.50 b. $810.00 O c. $775.00 O d. $640.00
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