Laird company sells coffee makers used in business offices


Laird Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 200 units at $41 per unit. During the year, Laird made two batch purchases of coffee makers. The first was a 295-unit purchase at $46 per unit; the second was a 380-unit purchase at $48 per unit. During the period, Laird sold 845 coffee makers.

What's the cost of goods sold with FIFO method?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Laird company sells coffee makers used in business offices
Reference No:- TGS02593354

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)