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Inventory records for Eliza Company revealed the following: Date Transaction Number of Units Unit Cost March 1 Beginning Inventory 1,000 $ 7.26 March 10 Purchase
Inventory records for Eliza Company revealed the following: Date Transaction Number of Units Unit Cost March 1 Beginning Inventory 1,000 $ 7.26 March 10 Purchase 540 7.66 March 16 Purchase 750 8.06 March 23 Purchase 570 8.46 Eliza sold 1,940 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $16,412. $12,070. $14,620. $15,584.
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