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    Financial Accounting Study Set 11
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    Exam 6: Inventory Cost of Goods Sold
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    Summertime Had the Following Data for the Month of March
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Summertime Had the Following Data for the Month of March

Question 23

Question 23

Multiple Choice

Summertime had the following data for the month of March: Summertime had the following data for the month of March:   On March 31,300 units are still on hand.Determine the cost of goods sold for March if Summertime uses the FIFO method. A) $11,808 B) $7,800 C) $8,286 D) $9,088 On March 31,300 units are still on hand.Determine the cost of goods sold for March if Summertime uses the FIFO method.


A) $11,808
B) $7,800
C) $8,286
D) $9,088

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