Use the following information to answer:
On September 1, the beginning inventory for Tevonian Company was 110 units at $200 each. Purchases and sales during September were:

-What is the cost of goods sold for September for Tevonian Company if the periodic FIFO costing method is used?

Question

Use the following information to answer:
On September 1, the beginning inventory for Tevonian Company was 110 units at $200 each. Purchases and sales during September were:
 
-What is the cost of goods sold for September for Tevonian Company if the periodic FIFO costing method is used?

Quizplus · Accepted Answer

(110 x $200) + (120 x $224) + (40 x $176) = $55,920

Use the Following Information to Answer