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how to solve this accounting problem?

On January 1st, 5th, and 12th, company A purchased inventories 3,000 units for $75,000; 4,000 units for $112,000; and 2,500 units for $65,000, respectively. On January 9th and 13th, it sold 2,800 units @ $50 per each and 5,000 units @ $52 per each. How much does the cost of good sold (COGS) cost if the company applied FIFO method?

3 Answers

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  • 2 months ago

    Units remaining = 3000+4000+2500-2800-5000 = 1700

    Cost of remaining units = 1700 x 65000/2500 = 44200

    COGS = 75000+112000+65000-44200 = 207800

  • Anonymous
    2 months ago

    By reading how to do it in the book. 

  • Anonymous
    2 months ago

    move to homework help damn cheater

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