Calculate the cost of goods sold for march applying the FIFO Method? Sanfillipo, Incorporated, had 800 units

 Calculate the cost of goods sold for march applying the FIFO Method?

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Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Sales 600 units Purchases Date March 8 March 15 400 units @ $22 each March 22 400 units @ $24 each March 27. Sanfillipo uses the perpetual inventory system. According to a physical count, 600 units were on hand at the end f March. 400 units Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Sales 600 units Purchases Date March 8 March 15 400 units @ $22 each March 22 400 units @ $24 each March 27. Sanfillipo uses the perpetual inventory system. According to a physical count, 600 units were on hand at the end f March. 400 units

Answer rating: 100% (QA)

Certainly To calculate the cost of goods sold COGS using the FirstIn FirstOut FIFO method we need to ... View the full answer