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Inventory records for Marvin Company revealed the following: Date /Transaction /Number of Units /Unit Cost Mar. 1 /Beginning inventory/ 920 /$ 7.28 Mar. 10 /Purchase
Inventory records for Marvin Company revealed the following:
Date /Transaction /Number of Units /Unit Cost
Mar. 1 /Beginning inventory/ 920 /$ 7.28
Mar. 10 /Purchase /580 /$7.70
Mar. 16 /Purchase /760 /$ 8.18
Mar. 23 /Purchase/ 530 /$ 8.58
Marvin sold 1,930 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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