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Business, 25.04.2020 00:29 zay12350

RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 407 $ 3,235 6/6 Purchase 807 $ 3,635 9/10 Purchase 1,235 $ 4,035 11/15 Purchase 807 $ 4,270 During the year, RJ sold 3,035 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?

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