Question
JoCo uses the periodic method and FIFO costing. JoCo's December 31,2012 inventory consists of 400 units bought in November, 2012 at $11. During 2013, JoCo
JoCo uses the periodic method and FIFO costing. JoCo's December 31,2012 inventory consists of 400 units bought in November, 2012 at $11. During 2013, JoCo made the following purchases: 1,800 units at $14 in January; 2,200 units at $17 in July; and 2,300 units at $13 in October. The December 31, 2013 inventory consists of 1,300 units . JoCo's 2013 Cost of goods sold is ?
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
