Given the following data, what is cost of goods sold as determined under the FIFO method?
$\begin{array} { l }
\text { \text { Sales revenue }}& 350 \text { units at } \$ 35\
\text {per unit Beginning inventory }&120\text { units } \
\text {at $ \$ 15 $ per unit Purchases }&400 \
\text { units at $ \$ 20 $ per unit }& \
\end{array}$

Question

Given the following data, what is cost of goods sold as determined under the FIFO method?
$\begin{array} { l  }
 \text { \text { Sales revenue }}& 350 \text { units at } \$ 35\
 \text {per unit Beginning inventory  }&120\text { units } \
 \text {at $ \$ 15 $ per unit Purchases }&400 \
 \text { units at $ \$ 20 $ per unit }& \
\end{array}$

Quizplus · Accepted Answer

The Answer of Given the following data, what is cost of goods sold as determined under the FIFO method?
$\begin{array} { l  }
 \text { \text { Sales revenue }}& 350 \text { units at } \$ 35\
 \text {per unit Beginning inventory  }&120\text { units } \
 \text {at $ \$ 15 $ per unit Purchases }&400 \
 \text { units at $ \$ 20 $ per unit }& \
\end{array}$

Given the Following Data, What Is Cost of Goods Sold