Use the following information to answer:
Dracopoli's Sporting Goods, which uses a perpetual inventory system, had the following inventory records for the month of January.

-Assuming the first in first out (FIFO) method is used, what is Dracopoli's total Cost of Goods Sold for the month of January?

Question

Use the following information to answer:
Dracopoli's Sporting Goods, which uses a perpetual inventory system, had the following inventory records for the month of January.
 
-Assuming the first in first out (FIFO) method is used, what is Dracopoli's total Cost of Goods Sold for the month of January?

Quizplus · Accepted Answer

(50 x $300) + (30 x $309) + (20 x $300) + (10 x $309) + (30 x $315) = $42,810

Use the Following Information to Answer