Determine the cost of goods sold using FIFO

2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each

Determine the cost of goods sold using FIFO

A #285,000

B #300,000

C #570,000

D #600,000

Answer is B

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