Use the Following Information for Questions
Kiner Co -The Value Assigned to Cost of Goods Sold If Kiner

question 46

Multiple Choice

Use the following information for questions
Kiner Co.has the following data related to an item of inventory: $\begin{array}{lc}\text { Inventory, March } 1 & 100 \text { units } @ \$ 4.20 \\\text { Purchase, March } 7 & 350 \text { units } @ \$ 4.40 \\\text { Purchase, March } 16 & 70 \text { units } @\$ 4.50 \\\text { Inventory, March } 31 & 130 \text { units }\end{array}$
-The value assigned to cost of goods sold if Kiner uses FIFO is

• A)$579.
• B)$552.
• C)$1,723.
• D)$1,696.

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