Question
Hello there! I'm really confused about this question- not matter how I try to solve it I just can't seem to get a correct answer.
Hello there! I'm really confused about this question- not matter how I try to solve it I just can't seem to get a correct answer. Thank you!
Danbury Inc. uses the periodic inventory accounting method. Information related to Danbury's inventory is as follows for January 2001:
Jan 1st- Beginning Balance | 10 Units at $200
Jan 7th- Purchase | 8 units at $215
Jan 22nd- Purchase | 12 units at $228
Jan 31st- Ending Inventory | 7 units
Danbury Inc's cost of goods sold using the FIFO inventory costing method is?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
