Evaluate the amount of cost of goods sold for the month

Reference no: EM1376635

Axis Corporation's inventory transactions for the present month:

June 1 Balance, 300 units @ $65 each June 16 Sale, 400 units @ $90
June 14 Purchase 800 units @ $68 each June 20 Sale, 500 units @ $90
June 25 Purchase 250 units @ $70

Axis uses periodic inventory system. Using FIFO method, evaluate the amount of cost of goods sold for the month?

Reference no: EM1376635

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