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Find the company cost of goods sold for fiscal

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Reference no: EM132858756

Question - Montana Great Outdoors had the following inventory in fiscal 2012.

The company uses the FIFO method of accounting for inventory:

Begining inventory, august 1, 2011: 140 units @ 19.50

Purchase 300 units @20.00

Purchase 50 units @20.

Purchase 120 unit @20.30

Ending inventory, July 31.2021: 130 units

Required - Find the company cost of goods sold for fiscal 2012?

a. $9,230

b. $2,636

c. $9,331

d. $11,866

e. None of the above

Reference no: EM132858756

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