Question
Use the following data of Bluefish Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 25 $3 $75 Purchase on Apr 25 30
Use the following data of Bluefish Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 25 $3 $75 Purchase on Apr 25 30 6 180 Purchase on Nov 16 19 7 133 Sales 40 ? ? Bluefish Sales uses a FIFO inventory system. Cost of goods sold for the period is A. $259. B. $165. C. $210. D. $280.
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
10th Edition
0072316373, 978-0072316377
