Summertime had the following data for the month of March: On March 31, 320 units are still on hand. Determine the cost of goods sold for March if Summertime uses the FIFO method.

Question

Summertime had the following data for the month of March:  On March 31, 320 units are still on hand. Determine the cost of goods sold for March if Summertime uses the FIFO method.

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The Answer of Summertime had the following data for the month of March:  On March 31, 320 units are still on hand. Determine the cost of goods sold for March if Summertime uses the FIFO method.

Summertime Had the Following Data for the Month of March