Assume ShoeFanatic.com began March with 10 units of inventory that cost a total of $170. During March, ShoeFanatic.com purchased and sold goods as follows: (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is ShoeFanatic.com's cost of goods sold for the sale on March 14? 'O A. $450 B. $900 OC. $440 OD. $710

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Data table
Mar. 8
Mar. 14
Mar. 22
Mar. 27
Purchase
Sale
Purchase
Sale
Print
30 units @ $18
25 units @ $36
20 units @ $20
30 units @ $36
Done
- X
Transcribed Image Text:Data table Mar. 8 Mar. 14 Mar. 22 Mar. 27 Purchase Sale Purchase Sale Print 30 units @ $18 25 units @ $36 20 units @ $20 30 units @ $36 Done - X
Assume ShoeFanatic.com began March with 10 units of inventory that cost a total of $170. During March,
ShoeFanatic.com purchased and sold goods as follows:
EE (Click the icon to view the purchases and sales.)
Under the FIFO inventory costing method and the perpetual inventory system, how much is ShoeFanatic.com's cost of
goods sold for the sale on March 14?
'O A. $450
B. $900
OC. $440
O.D. $710
Transcribed Image Text:Assume ShoeFanatic.com began March with 10 units of inventory that cost a total of $170. During March, ShoeFanatic.com purchased and sold goods as follows: EE (Click the icon to view the purchases and sales.) Under the FIFO inventory costing method and the perpetual inventory system, how much is ShoeFanatic.com's cost of goods sold for the sale on March 14? 'O A. $450 B. $900 OC. $440 O.D. $710
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