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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
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.

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.)
Expert Solution
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