Question: Bingo Ltd . started the month with 1 0 units of inventory which cost $ 2 2 each. The following purchases were then made: 1

Bingo Ltd. started the month with 10 units of inventory which cost $22 each. The following purchases were then made:
15 units for $20 each
25 units for $21 each
Bingo Ltd. then sells 21 units for $25 each. Assuming the business uses the FIFO method, calculate cost of goods sold.
None of the other alternatives
$441
$300
$440
Bingo Ltd. started the month with 10 units of inventory which

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