Anton Co. uses the perpetual inventory method. Anton purchased 1,160 units of inventory that cost $8 each. At a later date the company purchased an additional 1,170 units of inventory that cost $10 each. If Anton uses the FIFO cost flow method and sells 1,650 units of inventory, the amount of cost of goods sold will be:

$14,180

Explanation:

The computation of amount of cost of goods sold is shown below:-

(Purchased units × inventory cost) + (Balance × Inventory cost)

= (1,160 × $8) + (490 × $10)

= $9280 + $4,900

= $14,180

Note :- As per First in first out method 1,650 units sold would consist of 1,160 units of first purchases so we got the balance is 490 units (1,650 - 1,160).

answer; im thinking the correct answer is (7years);

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%