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31 March, 12:25

Kingbird, Inc. has the following inventory dа ta:

Nov. 1 Inventory 34 units @ $6.80 each

8

Purchase 137 units @ $7.35 each

17 Purchase 68 units @ $7.20 each

25 Purchase 103 units @ $7.50 each

A physical count of merchandise inventory on November 30 reveals that there are 114 units on hand. Cost of goods sold (rounded) under FIFO is

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  1. 31 March, 13:46
    0
    Cost of goods sold (rounded) under FIFO is $ 1.649

    Explanation:

    Date Q Cost U. Cost inventory Sold Cost

    nov-01 34 231,2 6,8 0 34 231

    nov-08 137 1006,95 7,35 0 137 1.007

    nov-17 68 489,6 7,2 11 57 410

    nov-25 103 772,5 7,5 103 0 0

    114 228 1.649
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