Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using FIFO.
A)$2,980
B)$2,460
C)$2,850
D)$2,590
E)$5,440

Question

Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using FIFO. 
A)$2,980 
B)$2,460 
C)$2,850 
D)$2,590 
E)$5,440

Quizplus · Accepted Answer

The Answer of Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using FIFO. 
A)$2,980 
B)$2,460 
C)$2,850 
D)$2,590 
E)$5,440

Salmone Company Reported the Following Purchases and Sales of Its