Question: Saved Question 1 (5.882 points) Manual Data Processing, Inc. (MDP) had the following inventory in fiscal 2018. Assume the company uses the FIFO method of
Saved Question 1 (5.882 points) Manual Data Processing, Inc. (MDP) had the following inventory in fiscal 2018. Assume the company uses the FIFO method of accounting for inventory Beginning Inventory, January 1, 2018: 130 units @ $16.00 Purchase 200 units, March 19, 2018 @ $18.00 Purchase 50 units, July 8, 2018 @ $19.50 Purchase 110 units, October 14, 2018 @ $19.75 Ending Inventory, December 31, 2018: 120 units The company's cost of goods sold for fiscal 2018 is: A) $6,495.00 B) $7,157.50 C) $6,460.00 D) $5,805.50
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