Inventory records for Marvin Company revealed the following: Cost Mar. 1 Beginning inventory 960 $7.28 Mar.10 Purchase 570 7.71 Mar.16 Purchase 790 8.16 Mar.23 Purchase 550 8.56 Marvin sold 1,960 units of inventory during the month. Cost of goods sold assuming FIFO woul Round your answer to the nearest dollar amount.)

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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TB MC Qu. 6-93 Inventory records for Marvin Company...
38
Inventory records for Marvin Company revealed the following:
of Onite
Cost
Мar.
1 Beginning inventory
960
$7.28
34
Mar.10 Purchase
570
7.71
Mar.16 Purchase
790
8.16
Mar.23 Purchase
550
8.56
Marvin sold 1,960 units of inventory during the month. Cost of goods sold assuming FIFO would
Round your answer to the nearest dollar amount.)
Multiple Choice
$13,942.
Transcribed Image Text:TB MC Qu. 6-93 Inventory records for Marvin Company... 38 Inventory records for Marvin Company revealed the following: of Onite Cost Мar. 1 Beginning inventory 960 $7.28 34 Mar.10 Purchase 570 7.71 Mar.16 Purchase 790 8.16 Mar.23 Purchase 550 8.56 Marvin sold 1,960 units of inventory during the month. Cost of goods sold assuming FIFO would Round your answer to the nearest dollar amount.) Multiple Choice $13,942.
E Readi
Heip
Seve & Exn
Submit
vin Company...
ny revealed the following:
960
$7.28
570
7.71
790
8.16
550
8.56
he month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations.
nount.)
Transcribed Image Text:E Readi Heip Seve & Exn Submit vin Company... ny revealed the following: 960 $7.28 570 7.71 790 8.16 550 8.56 he month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. nount.)
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