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robert7248
17.07.2019 •
Business
Moss co. uses the fifo method to calculate ending inventory. assuming 300 units are not sold, the cost of goods sold is: $7,600 $7,280 $3,120 $3,400
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Ответ:
FIFO means First Come First Out.
In FIFO Method the Inventory Comes First are deducted from Inventory First at the time of Sales or transfer to Production unit. Based on this methodology the Value of Closing Stock will be :
Value of Closing Inventory = $ 3400.00
Value of Cost Sold = $7,600 + $7,200 + $3120 + $3400
Total = $ 21,400
cost of goods sold is $ 21,400
Ответ: