Compute the cost of goods sold for the month under the fifo


Smalley, Inc., purchased items of inventory as follows:

Jan. 4 100 units @ $2.10
Jan. 23 120 units @ $2.25

Smalley sold 50 units on January 28. Compute the cost of goods sold for the month under the FIFO inventory method.

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Accounting Basics: Compute the cost of goods sold for the month under the fifo
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