Use this inventory information for the month of June to answer the following question. Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $7,696
B) $7,736
C) $3,664
D) $3,704

Question

Use this inventory information for the month of June to answer the following question.  Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $7,696 
B) $7,736 
C) $3,664 
D) $3,704

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of June to answer the following question.  Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis?
A) $7,696 
B) $7,736 
C) $3,664 
D) $3,704

Use This Inventory Information for the Month of June to Answer