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McCarthy Company Has Inventory of 8 Units at a Cost

Question 139

Multiple Choice

McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the perpetual FIFO inventory method,what amount will be reported as cost of goods sold for the 11 units that were sold?


A) $2,239.
B) $2,255.
C) $2,200.
D) $2,228.
E) $2,215.

Correct Answer:

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