Use this inventory information for the month of July to answer the following question. Assuming that a periodic inventory system is used,what is cost of goods sold on a FIFO basis?
A)$7,696
B)$7,736
C)$3,664
D)$3,704

Question

Use this inventory information for the month of July to answer the following question.  Assuming that a periodic inventory system is used,what is cost of goods sold on a FIFO basis?
A)$7,696 
B)$7,736 
C)$3,664 
D)$3,704

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of July to answer the following question.  Assuming that a periodic inventory system is used,what is cost of goods sold on a FIFO basis?
A)$7,696 
B)$7,736 
C)$3,664 
D)$3,704

Use This Inventory Information for the Month of July to Answer