Solution-Find the value assigned to cost of goods sold

Find the value assigned to cost of goods sold

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Reference no: EM132623128

Question - Concord Corporation has the following data related to an item of inventory:

Inventory, March 1 420 units @ $2.00

Purchase, March 7 1420 units @ $2.10

Purchase, March 16 300 units @ $2.15

Inventory, March 31 520 units

Required - Find the value assigned to cost of goods sold if Concord uses FIFO?

a. $1108.

b. $3360.

c. $1050.

d. $3418.

Reference no: EM132623128

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Find the value assigned to cost of goods sold

Reference no: EM132623128

Reference no: EM132623128

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