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Inventory records for Sally Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 900 $ 7.28 Mar. 10 Purchase
Inventory records for Sally Company revealed the following:
Date Transaction Number of Units Unit Cost
Mar. 1 Beginning inventory 900 $ 7.28
Mar. 10 Purchase 580 7.73
Mar. 16 Purchase 760 8.16
Mar. 23 Purchase 580 8.56
Sally sold 1,890 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.)
Multiple Choice $15,031. $16,178. $15,431. $14,381.
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