Kingbird, inc. has the following inventory data:
nov. 1 inventory 34 units @ $6.80 each
8
purchase 137 units @ $7.35 each
17 purchase 68 units @ $7.20 each
25 purchase 103 units @ $7.50 each
a physical count of merchandise inventory on november 30 reveals that there are 114 units on hand. cost of goods sold (rounded) under fifo is

Cost of goods sold (rounded) under FIFO is $ 1.649

Explanation:

DateQCostU.CostinventorySoldCost

nov-0134231,2           6,8  0   34                231

nov-081371006,95          7,35 0   137                1.007

nov-1768489,6            7,2 11   57                 410

nov-25103772,5            7,5 103   0                  0

                                          114 228              1.649

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explanation: