nventory records for Marvin Company revealed the following: Date Transaction Number of...
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Accounting
nventory records for Marvin Company revealed the following:
| Date | Transaction | Number of Units | Unit Cost | |||||
| Mar. | 1 | Beginning inventory | 910 | $ | 7.15 | |||
| Mar. | 10 | Purchase | 540 | 7.56 | ||||
| Mar. | 16 | Purchase | 760 | 8.00 | ||||
| Mar. | 23 | Purchase | 560 | 8.40 | ||||
Marvin sold 1,820 units of inventory during the month. Cost of goods sold assuming FIFO would be:
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