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RJ Corporation has provided the following information about one of its inventory items: Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase Purchase Purchase Number
RJ Corporation has provided the following information about one of its inventory items: Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase Purchase Purchase Number of Units 425 825 1,325 825 Cost per Unit $3,325 $3,725 $4,125 $4,450 During the year, RJ sold 3,125 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system? $12,521,255. $12,509,375. $12,399,375. $12,708,750
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