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Question
Sikich Company has the following data available:
TransactionUnits PurchasedUnit CostUnits Sold Beginning Inventory650$20 Oct. 1 Purchase 325 31 Oct. 10 Sale425 Oct. 14 Purchase 450 36 Oct. 20 Sale600 Oct. 22 Purchase 400 37 Oct. 29 Sale525 If Sikich Company uses a perpetual FIFO inventory system, the cost of goods sold for the month is ________. A) $57,350 B) $9900 C) $43,900 D) $10,175
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