Aiello, Inc. had the following inventory in its fiscal year. The company uses the FIFO...
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Accounting
Aiello, Inc. had the following inventory in its fiscal year. The company uses the FIFO method of accounting for inventory.
Beginning Inventory, January 1: 260 units @ $15.00 Purchase 400 units @ $18.00 Purchase 100 units @ $13.50 Purchase 220 units @ $15.75 Ending Inventory, December 31: 240 units
The companys cost of goods sold for its fiscal year is:
Select one:
a. None of these are correct.
b. $12,135.00
c. $10,611.50
d. $12,180.00
e. $12,315.00
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