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Find cost of goods sold assuming fifo would be

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Reference no: EM132543283

Iventory records for Marvin Company revealed the following:

Date         Transaction                     Number Unit              Cost of Units

Mar.1           Beginning inventory             940                   $7.22

Mar.10           Purchase                           530                     7.66

Mar.16                 Purchase                      790                       8.12

Mar.23                    Purchase                      590                 8.52

Question 1: Marvin sold 1,930 units of inventory during the month. Cost of goods sold assuming FIFO would be:

Reference no: EM132543283

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