The beginning inventory for ZY company was 300 units with a unit cost of $6, the...

 

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The beginning inventory for ZY company was 300 units with a unit cost of $6, the company made the following purchases: January 200 units at $6.50, February 170 units at $7 and March 140 units at $7.20 At the end of March, the inventory on hand was 180 units. Using the FIFO inventory method, the cost of goods sold at the end March was 0 a $3640 Ob.$ 4010 Oc$ 3850 O d.$.1350 The beginning inventory for ZY company was 300 units with a unit cost of $6, the company made the following purchases: January 200 units at $6.50, February 170 units at $7 and March 140 units at $7.20 At the end of March, the inventory on hand was 180 units. Using the FIFO inventory method, the cost of goods sold at the end March was 0 a $3640 Ob.$ 4010 Oc$ 3850 O d.$.1350

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FIFO METHOD means first in first out that is the inventory which was first bring into stock wil... View the full answer