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
Tutors, Past Questions and Projects.
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
