Multiple Choice
The Acme Corporation buys 300 units of merchandise in January at $5 each.In February,Acme buys 500 units at $4 each and in March it buys 200 units at $6 each.Acme sells 150 units during this quarter.What is the cost of goods sold under the FIFO method?
A) $600
B) $934
C) $750
D) $900
Correct Answer:
Verified
Correct Answer:
Verified
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