Acompany had beginning inventory of 10 units at a cost of $14 each on march 1. on march 2, it purchased 10 units at $26 each. on march 6 it purchased 6 units at $21 each. on march 8, it sold 23 units for $64 each. using the fifo perpetual inventory method, what was the cost of the 23 units sold?

COGS 463

Explanation:

FIFO method:

begining inventory:      10 units at  $  14

March 2nd purchases: 10 units at  $  26

March 6th purchases:   6 units at   $  21

It sold 23 units:

We will take units from the top, which are the frist units until fulfil the order.

23 - 10 units at $ 14 = 13

After using the beginning inventory, we are still short, so we use next units:

13 - 10 units at $ 26 =   3

we are still short by 3 units, so we move to next units:

3 - 3 units at $ 21 = 0

We use 3 units from the last purchase and we complete the request.

Now we calculate cost of goods sold

Total COGS:

10 x 14    =  140

10 x 26   = 260

 3 x 21   =   63  

Total           463

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.