Question on: JAMB Accounting - 2014
2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Determine the cost of goods sold using FIFO
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each
Determine the cost of goods sold using FIFO
A
#285,000
B
#300,000
C
#570,000
D
#600,000
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Correct Option: B
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