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Sanfillipo, Incorporated, had 800 units of Inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of Inventory during
Sanfillipo, Incorporated, had 800 units of Inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of Inventory during the month of March were as follows: Sanfillipo uses the perpetual inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of goods sold for March applying the FIFO method is: Multiple Choice $21,500
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