2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each…

Accounts - Principles of Accounts 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

  • #285,000
  • #300,000 checkmark
  • #570,000
  • #600,000

The correct answer is: B

Explanation

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