Solution-What cost of goods sold assuming fifo would be

What cost of goods sold assuming fifo would be

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Reference no: EM132489255

Inventory records for Marvin Company revealed the following:

Date Transaction Number of Units Unit Cost

Mar.1 Beginning Inventory 1,000 $7.20

Mar.10 Purchase 600 7.25

Mar. 16 Purchase 800 7.30

Mar.23 Purchase 600 7.35

Question 1: Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be:

Reference no: EM132489255

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What cost of goods sold assuming fifo would be

Reference no: EM132489255

Reference no: EM132489255

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