8 of 45 00:08:46 Company B is a new online sweatshirt reseller. During the first month of business, the company made the following purchases and sales of sweatshirts: March 1: Purchased 200 sweatshirts for $20 each March 10: Purchased 400 sweatshirts for $25 each March 14: Sold 50 sweatshirts March 25: Sold 200 sweatshirts What would be the cost of goods sold (COGS) for the month of March if Company B uses First-In First-Out (FIFO)?

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To calculate the cost of goods sold COGS for the month of March using the FirstIn FirstOut FIFO ... View the full answer