Answered

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A company sells 100 units in June. Calculate the cost of goods sold using first-in, first-out (FIFO). Round to the nearest cent.

| Date | Units Received | Unit Cost |
|----------|----------------|-----------|
| June 4 | 40 | [tex]$1.80 |
| June 11 | 70 | $[/tex]1.50 |
| June 18 | 40 | [tex]$1.80 |
| June 25 | 50 | $[/tex]1.70 |

Total Cost of Goods Sold: $[?]

Sagot :

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