Question
SZA Inc. has the following inventory transactions for the month of March 2023 (assume there is no beginning balance): March 1. Purchased Inventory (100 units
SZA Inc. has the following inventory transactions for the month of March 2023 (assume there is no beginning balance):
March 1. Purchased Inventory (100 units for $4)
March 3. Purchased Inventory (200 units for $5)
- March 9. Sold Inventory (150 units)
Using the FIFO Method (assuming there is a periodic inventory system in place), what is the Cost of Goods Sold amount for the month of March 2023?
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
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