Pate Ltd.has the following data related to an item of inventory: Inventory, March 1 .............100 units @ $8.40 Purchase, March 7 .............350 units @ $8.80 Purchase, March 16 ...........70 units @ $9.50 Inventory, March 31 ...........150 units If Pate Ltd.uses FIFO, the value assigned to cost of goods sold is
A)$3,305.
B)$3,262.
C)$3,216.
D)$1,369.

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The Answer of Pate Ltd.has the following data related to an item of inventory: Inventory, March 1 .............100 units @ $8.40 Purchase, March 7 .............350 units @ $8.80 Purchase, March 16 ...........70 units @ $9.50 Inventory, March 31 ...........150 units If Pate Ltd.uses FIFO, the value assigned to cost of goods sold is
A)$3,305.
B)$3,262.
C)$3,216.
D)$1,369.

Pate LtdHas the Following Data Related to an Item of Inventory