RJ Corporation has provided the following information about one of its inventory items: During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?
A)$11,680,000.
B)$11,590,000.
C)$11,480,000.
D)$11,550,000.

Question

RJ Corporation has provided the following information about one of its inventory items:  During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?
A)$11,680,000. 
B)$11,590,000. 
C)$11,480,000. 
D)$11,550,000.

Quizplus · Accepted Answer

The Answer of RJ Corporation has provided the following information about one of its inventory items:  During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?
A)$11,680,000. 
B)$11,590,000. 
C)$11,480,000. 
D)$11,550,000.

RJ Corporation Has Provided the Following Information About One of Its