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IF March 2015 A company had beginning inventory of 11 units at a cost of $14 each on March 1. On March 2, it purchased
IF March 2015 A company had beginning inventory of 11 units at a cost of $14 each on March 1. On March 2, it purchased 1t units at $22 each On March 6 it purchased 5 units at $19 each. On March 8, it sold 25 units for $62 each. Using the FIFO perpetual inventory method, what was the cost of the 25 units sold? Multiple Choice $453 $491
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