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Use the following data of Dolphin Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 25 $6 $150 Purchase on Apr 25 45
Use the following data of Dolphin Sales, Inc.:
|
| Unit | Total | Units |
| Units | Cost | Cost | Sold |
Beginning inventory | 25 | $6 | $150 | |
Purchase on Apr 25 | 45 | 8 | 360 | |
Purchase on Nov 16 | 11 | 9 | 99 | |
Sales | 55 | ? | ? |
|
Dolphin Sales uses a FIFO inventory system. Cost of goods sold for the period is
A) 451
B) 414
C) 390
D) 495
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