Business, 31.10.2019 02:31 carmen69

Assume red rover began june with 52 units of merchandise inventory, with a cost of $17 per unit. during june, red rover purchased and sold goods as follows:

june 8

purchase

42 units @ $15

14

sale

60 units @ $40

22

purchase

28 units @ $25

27

sale

42 units @ $40

under the fifo inventory costing method, how much is red rover’s cost of goods sold for the sale on june 14?

a. $510

b. $2,400

c. $1,004

d. $936

Answers: 2

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Assume red rover began june with 52 units of merchandise inventory, with a cost of $17 per unit. dur...