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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning Inventory Mar.10 Purchase Mar. 16 Purchase Mar.23 Purchase Number of Unit Units

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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning Inventory Mar.10 Purchase Mar. 16 Purchase Mar.23 Purchase Number of Unit Units Cost 1,000 $7.20 600 7.25 800 7.30 600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be: Multiple Choice $16.800 516760 $16.540 Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase 600 800 600 7.25 7.30 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be: Multiple Choice $16,800. $16,760 $16.540 $16.660

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