Harris Corporations inventory of a particular product includes 200 units purchased at a per-unit cost $50, and
Question:
Harris Corporation’s inventory of a particular product includes 200 units purchased at a per-unit cost $50, and another 100 units purchased at a unit cost of $60. If Harris sells 10 units of this product, the cost of goods sold will be:
a. $500
b. $550
c. $660
d. The answer will depend upon the inventory flow assumption in use.
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Related Book For
OM4 operations management
ISBN: 978-1133372424
4th edition
Authors: David Alan Collier, James R. Evans
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