Question: Please show all steps so I can fully understand how to solve. Thank you Mika Enterprises uses a perpetual inventory system. The company had the

Please show all steps so I can fully understand how to

Please show all steps so I can fully understand how to solve. Thank you

Mika Enterprises uses a perpetual inventory system. The company had the following inventory and purchases for the month of March: Mar. 1 Beginning Inventory 35 @ $19.78 Mar. 8 Purchase 103 @ $25.09 Mar. 16 Sale 45 @ $29.49 Calculate the cost of goods sold for the year assuming the company uses a FIFO cost flow system Select one: a. $1327 b. $943 c. 52333 0 d. $1129

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