Use the information that follows concerning Cinci Corporation to answer problems
Cinci Company began business on March 1. During March, Cinci made the following purchases.
$\begin{array}{ll}
\text { March 1: } & 100 \text { units @ } \$ 8 &\$800\
\text { March 6: } & 200 \text { units @ } \$ 10&2,000 \
\text { March sales. } & 24 \text { units }
\end{array}$

-How much will Cinci report as cost of goods sold using LIFO during March?

Question

Use the information that follows concerning Cinci Corporation to answer problems 
Cinci Company began business on March 1. During March, Cinci made the following purchases.
 $\begin{array}{ll}
\text { March 1: } & 100 \text { units @ } \$ 8 &\$800\
\text { March 6: } & 200 \text { units @ } \$ 10&2,000 \
\text { March sales. } & 24 \text { units }
\end{array}$

-How much will Cinci report as cost of goods sold using LIFO during March?

Quizplus · Accepted Answer

The Answer of Use the information that follows concerning Cinci Corporation to answer problems 
Cinci Company began business on March 1. During March, Cinci made the following purchases.
 $\begin{array}{ll}
\text { March 1: } & 100 \text { units @ } \$ 8 &\$800\
\text { March 6: } & 200 \text { units @ } \$ 10&2,000 \
\text { March sales. } & 24 \text { units }
\end{array}$

-How much will Cinci report as cost of goods sold using LIFO during March?

Use the Information That Follows Concerning Cinci Corporation to Answer