alleryStart learning →Under FIFO, 100 units at $50 and 110 at $55 are expensed. Cost of sales?
A$10,500
B$5,250
C$11,800
D$11,050
Answer & Solution
Correct answer: D. $11,050
100 times 50 is 5,000 and 110 times 55 is 6,050, which totals 11,050.
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