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Business, 08.11.2019 01:31 Axe15x

Inventory purchase and sales data are as follows. [note: there was no inventory before the purchase made on january 1.] purchased on january 1 -- 100 units, $6 cost per unit purchased on january 16 -- 300 units, $8 cost per unit purchased on january 25 -- 400 units, $7 cost per unit sold on january 31 -- 500 units, $10 selling price per unit the company uses fifo. compute cost of goods sold for january. $3,600 $3,700 o $3,500 $2,100 $2,200

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Inventory purchase and sales data are as follows. [note: there was no inventory before the purchase...
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