Portey Company
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the FIFO inventory costing method, cost of goods sold for the month of June is:
A) $1,932.00.
B) $1,901.00.
C) $2,942.00.
D) $1,917.00.

Question

Portey Company 
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

-  Refer to the information provided for Portey. If Portey uses the FIFO inventory costing method, cost of goods sold for the month of June is:
A) $1,932.00. 
B) $1,901.00. 
C) $2,942.00. 
D) $1,917.00.

Quizplus · Accepted Answer

The Answer of Portey Company 
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

-  Refer to the information provided for Portey. If Portey uses the FIFO inventory costing method, cost of goods sold for the month of June is:
A) $1,932.00. 
B) $1,901.00. 
C) $2,942.00. 
D) $1,917.00.

Portey Company Portey Uses a Perpetual Inventory System and Had the Following