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Using the information here, calculate the Cost of Goods Sold under the FIFO method a....

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Accounting

Using the information here, calculate the Cost of Goods Sold under the FIFO method

a. 25,410

b..26,710

c.25,140

d.24,970

image

Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul. 16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610 Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul. 16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610

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