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What is the cost of goods sold for the year ending

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Question - The SOS Corporation uses FIFO for its inventory accounting. It has an initial Inventory of 9040 widgets on 12/31/2012 with a unit cost of $4.0 (total cost of 36160). The company bought 560 widgets with unit cost of $2.5 on 2/3/13. The company bought 60 with a unit cost of $2.5 on 6/6/13. Finally, the company 610 bought widgets with a unit cost of $3.5 on 9/9/13. During 2013, the company sold 10070 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013?

Reference no: EM132853356

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