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What is amount of cost of goods sold for month for w company

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Reference no: EM132765337

Problem 1: MC:W company is using the periodic inventory system. In May 2020, the beginning inventory consisted of 2000 units that cost $11.8 each. During the month, the company made two purchase: 1000 units at $15 each on 18 May 2020 and 3000 units at $14 each on 20 May 2020. W company also sold 4000 units on 25 May 2020. Using the FIFO inventory cost method, what is amount of cost of goods sold for the month?

A. None

B. 47,200

C. 60,000

D. 52,600

E. 56,000

Reference no: EM132765337

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