The purchases of Barbie Doll by Carrefour is given below. They sell 61 dolls. Calculate the cost of goods sold using FIFO method. Purchases No of dolls purchased Cost/Unit August 10 40 4 September 8 60 7 October 6 50 8
The purchases of Barbie Doll by Carrefour is given below. They sell 61 dolls. Calculate the cost of goods sold using FIFO method. Purchases No of dolls purchased Cost/Unit August 10 40 4 September 8 60 7 October 6 50 8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The purchases of Barbie Doll by Carrefour is given below. They sell 61 dolls. Calculate the cost of goods sold using FIFO method.
Purchases |
No of dolls purchased |
Cost/Unit |
August 10 |
40 |
4 |
September 8 |
60 |
7 |
October 6 |
50 |
8 |
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