Use the Information That Follows Concerning Cinci Corporation to Answer

Essay

Use the information that follows concerning Cinci Corporation to answer problems
Cinci Company began business on March 1. During March, Cinci made the following purchases.
$\begin{array}{ll}\text { March 1: } & 100 \text { units @ } \$ 8 &\$800\\\text { March 6: } & 200 \text { units @ } \$ 10&2,000 \\\text { March sales. } & 24 \text { units }\end{array}$

-How much will Cinci report as cost of goods sold using LIFO during March?