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HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as follows: Date Units Unit Cost Total Cost Beginning Inventory
HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as follows:
Date | Units | Unit Cost | Total Cost |
---|---|---|---|
Beginning Inventory | 10 | $20 | $200 |
February 3 Purchase | 21 | $21 | $441 |
February 5 Purchase | 11 | $23 | $253 |
February 7 Sale | -26 | N/A | |
February 9 Sale | -14 | N/A | |
February 13 Purchase | 21 | $22 | $462 |
February 23 Purchase | 23 | $19 | $437 |
February 25 Sale | -14 | N/A | |
February 27 Sale | -23 | N/A |
The cost of goods sold using the periodic FIFO method is:
Select one:
a. $1,599
b. $1,622
c. $1,585
d. $1,613
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