Determine the cost of goods sold-fifo cost flow

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Nejedly Company completed 80,000 units during the year at a cost of $1,520,000. The beginning finished goods inventory was 8,000 units at $96,000. Determine the cost of goods sold for 53,000 units, assuming a FIFO cost flow.

Reference no: EM131148542

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Determine the cost of goods sold-fifo cost flow : Nejedly Company completed 80,000 units during the year at a cost of $1,520,000. The beginning finished goods inventory was 8,000 units at $96,000. Determine the cost of goods sold for 53,000 units, assuming a FIFO cost flow.

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