9. Now assume the same information: The Beach Bum Surf Co. is evaluating the inventory of its most popular boogie board as the summer season ends. They had beginning inventory of 20 boards at a cost...


9. Now assume the same information: The Beach Bum Surf<br>Co. is evaluating the inventory of its most popular boogie<br>board as the summer season ends. They had beginning<br>inventory of 20 boards at a cost of $25. Then purchases of 130<br>boards at $27 each, 140 boards at $28 each, and 135 boards at<br>$30 each. If ending inventory is 15 boards and Beach Bum uses<br>FIFO, what would be the dollar amount assigned to cost of<br>goods sold?<br>

Extracted text: 9. Now assume the same information: The Beach Bum Surf Co. is evaluating the inventory of its most popular boogie board as the summer season ends. They had beginning inventory of 20 boards at a cost of $25. Then purchases of 130 boards at $27 each, 140 boards at $28 each, and 135 boards at $30 each. If ending inventory is 15 boards and Beach Bum uses FIFO, what would be the dollar amount assigned to cost of goods sold?

Jun 10, 2022
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