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: EM132680406

Inventory records for Marvin Company revealed the following:

Date Transaction Numberof Units Unit Cost

Mar.1 Beginning inventory 910 $7.12

Mar.10 Purchase 570 7.60

Mar.16 Purchase 750 8.07

Mar.23 Purchase 600 8.47

Problem 1: Marvin sold 1,900 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

A : $14,851.
B: $16,093.
C: $15,324.
D: $14,201.

Reference no: EM132680406

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What cost of goods sold assuming fifo would be

Reference no: EM132680406

Reference no: EM132680406

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