newconnect Help Save Esit MC Qu 116 Grays Company has inven

newconnect Help Save & Esit MC Qu. 116 Grays Company has inventory. Company has inventory of 22 units at a cost of $10 each on August t On August 3, it puchaed 32 units at $12 each 24 units are sold on August & Using the FIFO pexpetual invntor method, what amount will be neported as cost of goods sold for the 24 units that wene sol 64 244 s.2 bp 20

Solution

since it uses FIFO first in will be sold first 22 units * 10 = 220 2 units   * 12= 24 total 244 answer