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Marigold Corp. has the following data related to an item of inventory: Inventory, March 1 410 units @ $1.80 Purchase, March 7 1400 units @
Marigold Corp. has the following data related to an item of inventory:
Inventory, March 1 | 410 units | @ $1.80 | |
Purchase, March 7 | 1400 units | @ $1.90 | |
Purchase, March 16 | 310 units | @ $1.95 | |
Inventory, March 31 | 580 units |
The value assigned to cost of goods sold if Marigold uses FIFO is
| $1061. |
| $2885. |
| $2941. |
| $1119. |
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