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The following units and costs of lawnmower Model 200 were available for sale during the year for Craftsman Hardware: Beginning inventory .. 10 units at
The following units and costs of lawnmower Model 200 were available for sale during the year for Craftsman Hardware:
Beginning inventory .. | 10 units at $130 |
First purchase | 15 units at $135 |
Second purchase .. | 30 units at $140 |
Third purchase | 20 units at $145 |
Craftsman has 35 units on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?
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