Question: Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory

Using the FIFO assumption, calculate the amount charged to cost of goods sold for March.

3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase Purchases Units 100 60 200 40 Unit Cost $40 $50 $55 $60 Sales Units 60 70 90 60 Selling Price/Unit $80 $90 $90 $90

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