Question
Use this information for the month of May. May 1 Beginning Inventory 20 units @$76 17 Purchase 18 Sale 70 units @ $80 25
Use this information for the month of May. May 1 Beginning Inventory 20 units @$76 17 Purchase 18 Sale 70 units @ $80 25 units 22 Purchase 10 units @$88 29 Sale 40 units Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis? Select one: Oa. $2,880 b. $5,120 Oc. $5,200 Od. $2,800
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
