Business, 16.04.2020 04:52 HistoryLee

"Pharoah Company has the following inventory data: July 1 Beginning Inventory 50 units at $25 $1250 7 Purchases 174 units at $26 4524 22 Purchases 25 units at $27 675 $6449 A physical count of merchandise inventory on July 30 reveals that there are 62 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is"

$1606.

$1637.

$1674.

None of above

Answers: 2

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"Pharoah Company has the following inventory data: July 1 Beginning Inventory 50 units at $25 $1250...

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