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PNW, LLC has the this information for inventory: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 990 $ 7.30 Mar. 10 Purchase
PNW, LLC has the this information for inventory:
Date | Transaction | Number of Units | Unit Cost | |||||
Mar. | 1 | Beginning inventory | 990 | $ | 7.30 | |||
Mar. | 10 | Purchase | 550 | 7.70 | ||||
Mar. | 16 | Purchase | 800 | 8.12 | ||||
Mar. | 23 | Purchase | 580 | 8.52 | ||||
PNW sold 1,980 units of inventory during the month. Cost of goods sold assuming FIFO would be:
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