The following hammers were available for sale during the year for Wilkins Tools:

Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?
A) $1,975
B) $2,650
C) $1,575
D) $1,950

Question

The following hammers were available for sale during the year for Wilkins Tools:
 
Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?
A) $1,975 
B) $2,650 
C) $1,575 
D) $1,950

Quizplus · Accepted Answer

The Answer of The following hammers were available for sale during the year for Wilkins Tools:
 
Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?
A) $1,975 
B) $2,650 
C) $1,575 
D) $1,950

The Following Hammers Were Available for Sale During the Year