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