Grays Company has inventory of 18 units at a cost of $6 each on August 1. On August 3, it

Grays Company has inventory of 18 units at a cost of $6 each on August 1. On August 3, it purchased 28 units at $12 each. 20 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 20 units that were sold

Leave a Reply

Your email address will not be published. Required fields are marked *