Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is:
A)$7,600
B)$7,280
C)$3,120
D)$3,400
E)None of these

Question

Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is: 
A)$7,600 
B)$7,280 
C)$3,120 
D)$3,400 
E)None of these

Quizplus · Accepted Answer

The Answer of Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is: 
A)$7,600 
B)$7,280 
C)$3,120 
D)$3,400 
E)None of these

Moss Co Uses the FIFO Method to Calculate Ending Inventory