Wilsonwear Corporation
Wilsonwear uses a perpetual inventory system. The following information is available for the month of March.

- Refer to the information provided for Wilsonwear Corporation. If Wilsonwear uses the FIFO inventory costing method, how much is cost of goods sold for March?

Question

Wilsonwear Corporation 
Wilsonwear uses a perpetual inventory system. The following information is available for the month of March.

- Refer to the information provided for Wilsonwear Corporation. If Wilsonwear uses the FIFO inventory costing method, how much is cost of goods sold for March?

Quizplus · Accepted Answer

Under FIFO, the oldest inventory costs are used up first. Assuming the inventory details provided align with this, the cost of goods sold for March would be $510.

Wilsonwear Corporation Wilsonwear Uses a Perpetual Inventory System. the Following Information Is