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solve the problem in full detailed solution Pharoah Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Jul 7 Jul 8

solve the problem in full detailed solution
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Pharoah Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Jul 7 Jul 8 Jul 9 Beginning inventory Purchases Sales Sales Purchases Sales 26 units @ $25 per unit 76 units @ $32 per unit 56 units 31 units 56 units @ $28 per unit 46 units Jul 10 Jul 22 Total cost of goods sold for the month of July is $4168. $4998. $3950. $4942

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