Kenyon co. uses the perpetual inventory method. kenyon purchased 400 units of inventory that cost $6.00 each. at a later date the company purchased an additional 600 units of inventory that cost $8.00 each. if kenyon uses the fifo cost flow method and sells 800 units of inventory, the amount of cost of goods sold will be:

$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%