A company had beginning inventory... A company had beginning inventory of 10 units at a cost of $20 each on March 1. On March 2, it purchased 10 units at $22 each. On March 6 it purchased 6 units at $25 each. On March 8, it sold 22 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold

COGS= $470

Explanation:

Giving the following information:

Beginning inventory=  10 units for $20 each

On March 2, it purchased 10 units at $22 each.

On March 6 it purchased 6 units at $25 each.

On March 8, it sold 22 units for $54 each.

We need to determine the cost of goods sold for the 22 units under the FIFO (first-in, first-out) method. Using this method, we need to use the cost of the firsts units incorporated into inventory.

COGS= 10*20 + 10*22 + 2*25= $470

answer; /// i believe that the correct answer is (b) money set aside for emergency repairs;

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number