Sikich Company Has the Following Data Available If Sikich Company Uses a Perpetual FIFO Inventory System, the c

Sikich Company has the following data available: $$\begin{array} { l c c c } \text { Transaction } & \text { Units Purchased } & \text { Unit Cost } & \text { Units Sold } \\\text { Beginning Inventory } & 650 & \$ 18 & \\\text { Oct. 1 Purchase } & 325 & 31 & \\\text { Oct. 10 Sale } & & & 425 \\\text { Oct. 14 Purchase } & 450 & 33 & \\\text { Oct. 20 Sale } & & & 600 \\\text { Oct. 22 Purchase } & 400 & 37 & \\\text { Oct. 29 Sale } & & & 525\end{array}$$
If Sikich Company uses a perpetual FIFO inventory system, the cost of goods sold for the month is ________.

A) $57,350
B) $9,075
C) $41,250
D) $10,175

Correct Answer:

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