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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $ 7.23 Mar. 10 Purchase
Inventory records for Marvin Company revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||||
Mar. | 1 | Beginning inventory | 1,000 | $ | 7.23 | |||
Mar. | 10 | Purchase | 580 | 7.72 | ||||
Mar. | 16 | Purchase | 760 | 8.14 | ||||
Mar. | 23 | Purchase | 580 | 8.54 | ||||
Marvin sold 2,010 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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