RJ Corporation Has Provided the Following Information About One of Its

question 62

Multiple Choice

RJ Corporation has provided the following information about one of its inventory items: During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?

• A)$11,680,000.
• B)$11,590,000.
• C)$11,480,000.
• D)$11,550,000.

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