Williams Company had the following balances and transactions during the month. Initial inventory 10 units at $71
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Question:
Williams Company had the following balances and transactions during the month.
Initial inventory 10 units at $71
June 10 Bought 20 units at $80
Sold 25 units at $105 on June 30
Required
What would be the cost of goods sold using FIFO method?
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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