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How much will b-b report as cost of goods sold for november

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Reference no: EM132691946

B&B maintains its coffee inventory using the perpetual inventory method. The inventory records for November follow:

Beginning inventory       40 units @ $10.10 each

November 13 purchase   60 units @ $10.60 each

November 26 sale          85 units @ $18 each

Problem 1: Using the FIFO inventory-costing method, how much will B&B report as cost of goods sold for November?

A. $495.00
B. $640.00
C. $775.00
D. $881.00

Reference no: EM132691946

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