ABC Ltd. uses the periodic inventory system and provided the…
ABC Ltd. uses the periodic inventory system and provided the following data: Date Units Cost Per Unit 1/2 Beginning Inventory 120 $80 4/3 Purchase 150 $85 5/9 Sale 175 9/18 Purchase 140 $86 10/17 Sale 180 11/5 Purchase 120 $88 What is Cost of Goods Sold using the FIFO cost flow assumption?