Inventory records for Marvin Company revealed the following: Date Transaction Number...
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Accounting
Inventory records for Marvin Company revealed the following:
| Date | Transaction | Number of Units | Unit Cost | |||||
| Mar. | 1 | Beginning inventory | 920 | $ | 7.12 | |||
| Mar. | 10 | Purchase | 540 | 7.54 | ||||
| Mar. | 16 | Purchase | 790 | 7.95 | ||||
| Mar. | 23 | Purchase | 570 | 8.35 | ||||
Marvin sold 1,910 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
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