Sanfillipo, Inc., had 800 units of inventory on hand at March 1 of the current year,...

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Sanfillipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of

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Answer 1

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Answer #1

Total unit sold= 600+400= 1000 units

Cost of goods sold under FIFO method= (800*$20+200*$22)

= $20400

So, the answer is option D) $20400

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Answer 2

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