Anton Company Uses the Perpetual Inventory System and FIFO Cost

question 95

Multiple Choice

Anton Company uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 400 units of inventory that cost $12.00 each and then purchased an additional 600 units of inventory that cost $16.00 each. If Anton sells 700 units of inventory, what is the amount of cost of goods sold?

• A)$11,200
• B)$10,400
• C)$8,400
• D)$9,600

---

Definitions:

Alternating Pressure

A method often used in medical beds and surfaces to prevent bedsores, where the pressure is periodically distributed and then relieved.

Displaced

Moved or forced out of a usual or proper place, often used to describe people who are forced to leave their homes.

Strained

Refers to materials or objects that have been subjected to stress or pressure, altering their structure or composition.

Stress

The amount of force divided by the area on which the force is applied.