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QUESTION 13 Inventory records for Marvin Company revealed the following: Transaction Number of Units Unit Cost Date Beginning inventory Mar. 1 1,000 $7.20 Mar. 10
QUESTION 13 Inventory records for Marvin Company revealed the following: Transaction Number of Units Unit Cost Date Beginning inventory Mar. 1 1,000 $7.20 Mar. 10 Purchase 600 7.25 Purchase Mar. 16 800 7.30 Mar. 23 Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be: $16,800. $16,660 $16,760 O$16,540
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