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Given the Following Data, What Is the Cost of Goods

question 119

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Given the following data, what is the cost of goods sold rounded to the nearest whole dollar using periodic FIFO?  Sales revenue 100 units at $10 per unit  Beginning inventory 50 units at $8 per unit  Purchases 90 units at $9 per unit \begin{array} { | l | l | } \hline \text { Sales revenue } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { Beginning inventory } & 50 \text { units at } \$ 8 \text { per unit } \\\hline \text { Purchases } & 90 \text { units at } \$ 9 \text { per unit } \\\hline\end{array}


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