Bueno Company's purchase and sales transactions for the month of July were as follows:
The company sold 8,000 units on July 22. Assuming that the Bueno keeps perpetual inventory records, July's cost of goods sold on a FIFO basis is
A) €33,600.
B) €34,400.
C) €53,400.
D) €54,200.
Correct Answer:
Verified
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