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

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Accounting

A company had beginning inventory of 10 units at a cost of $10 each on March 1. On March 2, it purchased 10 units at $14 each. On March 6 it purchased 6 units at $15 each. On March 8, it sold 23 units for $58 each. Using the FIFO perpetual inventory method, what was the cost of the 23 units sold?

Multiple Choice

$345

$330

$260

$240

$285

Answer & Explanation Solved by verified expert
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