Multiple Choices
(Choose 1 answer)
A. $120.
(1992) A company has inventory of 10 units at a cost of $10 each on June 1. On June 3, it purchased 20 units at $12 each. 12 units are sold on June 5. Using the FIFO perpetual inventory method, what is the cost of the 12 units that were sold?
B. $124.
C. $128.
D. $130.
Ε. $140.
