McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the FIFO perpetual inventory method,
-What amount will be reported as cost of goods sold for the 11 units that were sold?
A)$2,239.
B)$2,255.
C)$2,200.
D)$2,228.
E)$2,215.

Question

Quizplus · Accepted Answer

The Answer of McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the FIFO perpetual inventory method,
-What amount will be reported as cost of goods sold for the 11 units that were sold?
A)$2,239.
B)$2,255.
C)$2,200.
D)$2,228.
E)$2,215.

McCarthy Company Has Inventory of 8 Units at a Cost