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) $2,228.
C) $2,255.
D) $2,215.
E) $2,200.

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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) $2,228.
C) $2,255.
D) $2,215.
E) $2,200.

McCarthy Company Has Inventory of 8 Units at a Cost