Lionworks Enterprises Had the Following Inventory Data

question 50

Multiple Choice

Lionworks Enterprises had the following inventory data:
Assuming FIFO, what is the cost of goods sold for the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$441
• B)$416
• C)$444
• D)$456

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Definitions:

Blindness

is the condition of lacking visual perception due to physiological or neurological factors.

Sugar Low

A condition characterized by a below-normal level of blood glucose, often leading to symptoms like dizziness, sweating, and confusion.

Slurred Speech

An impairment in speech articulation evidenced by speaking with a disjointed or unclear pronunciation, often indicative of neurological issues or intoxication.