Berring Sales Uses FIFO

question 114

Multiple Choice

Berring Sales uses FIFO. The partially completed inventory record for January appears below. On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record through the January 14 sale and calculate the Cost of goods sold for the sale on January 14. (Please round to the nearest whole dollar.)

• A)$40
• B)$46
• C)$38
• D)$43

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