Question
The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 20 units at $19 4 Sold
The inventory data for an item for November are: Date Line Item Description Units and Cost Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 17 Sold 20 units 30 Purchased 10 units at $21 Using a perpetual system, what is the cost of goods sold for November if the company uses FIFO? a.$590 b.$610 c.$600 d.$580
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The Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency
Authors: Felix Pomeranz
1st Edition
1556233914, 978-1556233913
