Business, 17.02.2020 23:55 komari0217
Grays Company has inventory of 30 units at a cost of $11 each on August 1. On August 3, it purchased 40 units at $12 each. 32 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 32 units that were sold?
a. $360.
b. $354.
c. $960.
d. $150.
e. $358.
Answers: 3
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Grays Company has inventory of 30 units at a cost of $11 each on August 1. On August 3, it purchased...
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