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Red Buttons uses a periodic inventory system with the FIFO (First-in-first-out) method of cost assignment. The following data are available. Date Units Unit cost 1
Red Buttons uses a periodic inventory system with the FIFO (First-in-first-out) method of cost assignment.
The following data are available.
| Date | Units | Unit cost | |
|---|---|---|---|
| 1 April | Beginning balance | 500 | $5 |
| 8 April | Purchases | 750 | $7 |
| 14 April | Purchases | 600 | $8 |
| 30 April | Sales | 1,200 |
The cost of sales is $_____________
Use whole $ for your answer.
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CyRM Mastering The Management Of Cybersecurity Internal Audit And IT Audit
Authors: David X Martin
1st Edition
0367757850, 978-0367757854
