Use the following information for the month of July for questions
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.

-The cost of goods sold for the July 8 sale was
A)$950.
B)$980.
C)$989.
D)$1,000.

Question

Use the following information for the month of July for questions 
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.
 
-The cost of goods sold for the July 8 sale was
A)$950. 
B)$980. 
C)$989. 
D)$1,000.

Quizplus · Accepted Answer

The Answer of Use the following information for the month of July for questions 
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.
 
-The cost of goods sold for the July 8 sale was
A)$950. 
B)$980. 
C)$989. 
D)$1,000.

Use the Following Information for the Month of July for Questions