Multiple Choice
Anton Co.uses the perpetual inventory system and FIFO cost flow method.During the year,Anton purchased 400 units of inventory that cost $12.00 each and then purchased an additional 600 units of inventory that cost $16.00 each.If Anton sells 700 units of inventory,what is the amount of cost of goods sold?
A) $11,200
B) $10,400
C) $8,400
D) $9,600
Correct Answer:
Verified
Correct Answer:
Verified
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