Question

The accounting records of Oriole Company show the following data. Beginning inventory 2,910 units at $5...

The accounting records of Oriole Company show the following data.
Beginning inventory 2,910 units at $5
Purchases 7,950 units at $7
Sales 9,280 units at $10

(a)

Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. (Round answer to 0 decimal places, e.g. 1,250.)

FIFO and LIFO AND AVEREGE COST

Cost of goods sold during the period

$

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