Use this inventory information for the month of May to answer the following question. Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $2,880
B) $5,120
C) $5,200
D) $2,800

Question

Use this inventory information for the month of May to answer the following question.  Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $2,880 
B) $5,120 
C) $5,200 
D) $2,800

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of May to answer the following question.  Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $2,880 
B) $5,120 
C) $5,200 
D) $2,800

Use This Inventory Information for the Month of May to Answer