A company produces one product and uses process costing. It provides the following for the month of April: Units completed (finished) in April: 

2000 Units sold in April 1910 

Cost per equivalent unit in April: $5.35 

At the beginning of April, there were 235 units in beginning Finished Goods Inventory, with an assigned product cost of $5.25 each. 

If the company uses FIFO (first-in-first-out) to value Finished Goods Inventory, what will Cost of Goods Sold be for April?

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS using the FIFO method you need to account for the costs o... View the full answer