Given the Following Information,determine the Cost of Goods Sold for December

question 156

Multiple Choice

Given the following information,determine the cost of goods sold for December 31 using the FIFO perpetual inventory method.
December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.

• A)$282.15
• B)$332.10
• C)$281.25
• D)$290.70
• E)$210.30

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Definitions:

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another neuron, muscle cell, or gland cell.

Body Processes

Various physiological and biological functions carried out by an organism to maintain life, including respiration, digestion, and circulation.

Exocrine Glands

Glands that secrete their products through ducts either onto an external surface or into an internal space, unlike endocrine glands which secrete hormones directly into the bloodstream.

Interstitial Fluids

Fluids that occupy the spaces between cells and provide a means of transporting nutrients and waste materials.