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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 950 $ 7.25 Mar. 10 Purchase
Inventory records for Marvin Company revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||||
Mar. | 1 | Beginning inventory | 950 | $ | 7.25 | |||
Mar. | 10 | Purchase | 520 | 7.75 | ||||
Mar. | 16 | Purchase | 780 | 8.24 | ||||
Mar. | 23 | Purchase | 590 | 8.64 | ||||
Marvin sold 1,900 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.)
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