The following hammers were available for sale during the year for Wilkins Tools:
Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?
A) $1,975
B) $2,650
C) $1,575
D) $1,950
Correct Answer:
Verified
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