Alana's Clothing Store sells jeans.During January 2014,its inventory records for one brand of designer jeans were as follows:

-See information for Alana's Clothing Store above.Using this information,periodic FIFO cost of goods sold is

Question

Alana's Clothing Store sells jeans.During January 2014,its inventory records for one brand of designer jeans were as follows:
 
-See information for Alana's Clothing Store above.Using this information,periodic FIFO cost of goods sold is

Quizplus · Accepted Answer

The correct answer is A) $330. This is determined by using the First In, First Out (FIFO) method under the periodic inventory system. In FIFO, the oldest inventory costs are assigned to the cost of goods sold (COGS) first. Without the specific inventory purchase and sale details provided, we can't calculate the exact figures here. However, the correct choice based on the information that would have been provided above is A) $330.

Alana's Clothing Store Sells Jeans