emma_mpoufos
Feb 14, 2012, 07:37 AM
4. At the end of March, Ricardo's Auto Parts had an inventory of 700 units, which cost $18 per unit to produce. During April the company produced 1,000 units at a cost of $22 per unit. If the firm sold 1,200 units in April, what was its cost of goods sold?
A. Assume FIFO inventory accounting
b. Assume LIFO inventory accounting
A. Assume FIFO inventory accounting
b. Assume LIFO inventory accounting