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Inventory records for Eliza Company revealed the following: Date Transaction Number of Units Unit Cost March 1 Beginning Inventory 960 $ 7.29 March 10 Purchase
Inventory records for Eliza Company revealed the following:
Date | Transaction | Number of Units | Unit Cost |
---|---|---|---|
March 1 | Beginning Inventory | 960 | $ 7.29 |
March 10 | Purchase | 570 | 7.70 |
March 16 | Purchase | 780 | 8.10 |
March 23 | Purchase | 520 | 8.50 |
Eliza sold 2,000 units of inventory during the month. Cost of goods sold assuming FIFO would be:
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