The SOS corporation uses FIFO for its inventory accounting. …
Questions
The SOS cоrpоrаtiоn uses FIFO for its inventory аccounting. It hаs an initial Inventory of 8,510 widgets on 12/31/2012 with a unit cost of $3.0 (total cost of 25,530.0). The company bought 20 widgets with unit cost of $2.5 on 2/3/2013. The company bought 140 with a unit cost of $3.0 on 6/6/2013. Finally, the company bought 500 widgets with a unit cost of $3.5 on 9/9/2013. During 2013, the company sold 9020 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013?
The SOS cоrpоrаtiоn uses FIFO for its inventory аccounting. It hаs an initial Inventory of 8,510 widgets on 12/31/2012 with a unit cost of $3.0 (total cost of 25,530.0). The company bought 20 widgets with unit cost of $2.5 on 2/3/2013. The company bought 140 with a unit cost of $3.0 on 6/6/2013. Finally, the company bought 500 widgets with a unit cost of $3.5 on 9/9/2013. During 2013, the company sold 9020 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013?
The SOS cоrpоrаtiоn uses FIFO for its inventory аccounting. It hаs an initial Inventory of 8,510 widgets on 12/31/2012 with a unit cost of $3.0 (total cost of 25,530.0). The company bought 20 widgets with unit cost of $2.5 on 2/3/2013. The company bought 140 with a unit cost of $3.0 on 6/6/2013. Finally, the company bought 500 widgets with a unit cost of $3.5 on 9/9/2013. During 2013, the company sold 9020 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013?
The SOS cоrpоrаtiоn uses FIFO for its inventory аccounting. It hаs an initial Inventory of 8,510 widgets on 12/31/2012 with a unit cost of $3.0 (total cost of 25,530.0). The company bought 20 widgets with unit cost of $2.5 on 2/3/2013. The company bought 140 with a unit cost of $3.0 on 6/6/2013. Finally, the company bought 500 widgets with a unit cost of $3.5 on 9/9/2013. During 2013, the company sold 9020 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013?
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