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A company had beginning inventory of 10 units at a cost of $25 each on...

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Accounting

A company had beginning inventory of 10 units at a cost of $25 each on March 1. On March 2, it purchased 10 units at $44 each. On March 6 it purchased 6 units at $30 each. On March 8, it sold 22 units for $73 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold?

Multiple Choice

  • $870

  • $690

  • $650

  • $660

  • $750

Answer & Explanation Solved by verified expert
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