Exam $2-$ Chapters $4,5,6($i$)$

Saved

$22$

$800$:$4852$ eBook

A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the $22$ units sold?

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$March $1,$Beginning inventory,$10$ units $$20=$$$200,],[$March $2,$Purchase,$10$ units $$$22=$$$220,],[$March $6,$Purchase,$6$ units $$$25=$$$150,],[$March $8,$Sales,,$22$ units @ $$54]]$

Multiple Choice

$$450$

$$570$

$$470$

$$520$

$$490$