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Point 1: Suppose PepsiCo has 3,000 cases of Pepsi in one of their warehouses at the beginning of the month of June. Half of these cases were held over from the prior month (May) at a cost of $5 per case and half were from 2 months ago (April) with a cost of $4 per case. In the month of June they received another 2,000 cases at a cost of $5.50 per case. The warehouse sold and shipped 2,000 cases in the month of June. PepsiCo uses FIFO to value their inventory.
Question 1: What would have been the Cost of Sales related to the cases shipped in June?
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