Use the following information to answer:
The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Tina Star Company for an operating period.

-Assuming Tina Star Company uses FIFO perpetual inventory procedures, sale No. 2 is recorded as an entry to Cost of Goods Sold for:

Question

Use the following information to answer:
The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Tina Star Company for an operating period.
 
-Assuming Tina Star Company uses FIFO perpetual inventory procedures, sale No. 2 is recorded as an entry to Cost of Goods Sold for:

Quizplus · Accepted Answer

(10 x $124) + (70 x $128) = $10,200

Use the Following Information to Answer