Berring Sales uses FIFO. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale and calculate the Cost of sales for the sale on 14 January. (Please round to the nearest whole dollar.)

Question

Berring Sales uses FIFO. The partially completed inventory record for January appears below.  On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale and calculate the Cost of sales for the sale on 14 January. (Please round to the nearest whole dollar.)

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The Answer of Berring Sales uses FIFO. The partially completed inventory record for January appears below.  On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale and calculate the Cost of sales for the sale on 14 January. (Please round to the nearest whole dollar.)

Berring Sales Uses FIFO