Summertime Had the Following Data for the Month of March

question 90

Multiple Choice

Summertime had the following data for the month of March: At March 31,300 units are still on hand.Determine the cost of goods sold for March if Summertime uses the FIFO method.

• A)$6,020
• B)$7,525
• C)$8,804
• D)$10,434

---

Definitions:

Trade Name

The brand name given to a product by the company that manufactures or markets it, as distinguished from its generic name.

Chemical Name

A term that provides the scientific and technical information about the chemical composition and molecular structure of a substance.

Hypochondriac

A person excessively worried about having a serious illness, often with no basis for such concerns.

Lumbar

Relating to the lower part of the back or the lower spine between the thoracic spine and the sacral region.