Solution-What is the cost of goods sold under FIFO

What is the cost of goods sold under FIFO

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Reference no: EM133042623

Question - Peg City Brews uses a perpetual inventory system and has the following beginning inventory, purchases, and sales of inventory in April:

	Units	Unit Cost	Total Cost
Inventory, April 1	6,000	$9	$54,000
Purchase, April 9	18,000	$10	$180,000
Sale, April 12	(20,000)
Purchase, April 18	16,000	$11	$176,000

Required - What is the cost of goods sold under FIFO?

Reference no: EM133042623

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What is the cost of goods sold under FIFO

Reference no: EM133042623

Reference no: EM133042623

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