Compute the cost of goods sold for the month under the fifo
Smalley, Inc., purchased items of inventory as follows:
Jan. 4 100 units @ $2.10Jan. 23 120 units @ $2.25
Smalley sold 50 units on January 28. Compute the cost of goods sold for the month under the FIFO inventory method.
Now Priced at $10 (50% Discount)
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