Use the following information to answer:
The following represents the inventory of Omar Company for the month of April:

-Assuming a periodic inventory system is used by Omar Company, what is cost of goods sold under FIFO?

Name: Use the following information to answer: The following represents the inventory of Omar Company for the month of April: -Assuming a periodic inventory system is used by Omar Company, what is cost of goods sold under FIFO?
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Question

Use the following information to answer:
The following represents the inventory of Omar Company for the month of April:
 
-Assuming a periodic inventory system is used by Omar Company, what is cost of goods sold under FIFO?

Quizplus · Accepted Answer

(100 x $12) + (300 x $18) + (100 x $24) = $9,000

Use the Following Information to Answer