Beeson Co. has the following information regarding its dishwasher inventory in the first quarter of...
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Accounting
Beeson Co. has the following information regarding its dishwasher inventory in the first quarter of 2013:
| Beginning inventory on 1/1/2013 | 45 units sold | each cost $500 |
| Sale on 1/19/2013 | 40 units sold | each sold for $800 |
| Purchase on 2/15/2013 | 30 units sold | each cost $550 |
| Purchase on 3/11/2013 | 20 units sold | each cost $600 |
| Sale on 3/31/2013 | 35 units sold | each sold for $800 |
What should be the cost of goods sold in the first quarter if Beeson uses perpetual inventory system and FIFO?
Question 30 options:
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$41,000
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$38,500
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$39,000
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$39,500
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