Winter Fun, Inc

question 146

Multiple Choice

Winter Fun, Inc., had the following data for the month of March: At March 31, 301 units are still on hand. Determine the cost of goods sold for March if Winter Fun uses the FIFO method.

• A) $6,020
• B) $7,525
• C) $8,782
• D) $10,434

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Definitions:

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.

Grip-Cap Roofing Nails

Specialized nails used in roofing, designed with a wider head or cap to securely hold roofing materials in place.

Kilograms

A metric unit of mass equal to one thousand grams or approximately 2.20462 pounds.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.