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:

Strncpy()

A standard library function in C used to copy a specified number of characters from one string to another.

Test[5]

Denotes an array named "Test" with space allocated for six elements, with indices ranging from 0 to 5.

Char

A data type in programming languages used to store a single character value, typically occupying one byte of memory.

DestString

Typically refers to a destination string in programming, implying a string variable that is intended to receive data during an operation, such as copying or concatenation.