2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each
FINANCIAL
JAMB 2014
2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Determine the cost of goods sold using FIFO
- A. #285,000
- B. #300,000
- C. #570,000
- D. #600,000
Correct Answer: B. #300,000
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