Question: Assuming Super Accountants Inc uses the FIFO method for inventory valuation. How much is the cost of goods sold for the period? Super Accountants Inc

Assuming Super Accountants Inc uses the FIFO method for inventory valuation. How much is the cost of goods sold for the period? Super Accountants Inc provided the following information about its inventory transactions during the month of January: DateTransactionQuantityPriceAmountJan 01Beginning Balance300$6.00$1,800Jan 12Purchase600$7.00$4,200Jan 20Sale600 Jan 30Purchase100$8.00$800Jan 31Ending Balance400 Assuming Super Accountants Inc uses the FIFO method for inventory valuation. How much is the cost of goods sold for the period? $3,900

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