Question
Use the following data of Manatee, Inc. Unit Total Units Units Cost Cost Sold Beginning inventory 20 $ 4 $ 80 Purchase on Apr
Use the following data of Manatee, Inc. Unit Total Units Units Cost Cost Sold Beginning inventory 20 $ 4 $ 80 Purchase on Apr 25 30 7 210 Purchase on Nov 13 12 9 108 Sales 40 ? ? Manatee uses a FIFO inventory system. Cost of goods sold for the period is A. $257. B. $112. OC. $220. D. $304.
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Intermediate Accounting
Authors: David Spiceland
11th Edition
9781264134526
