- sell stock
- sell diamonds
- sell diamonds online
- computer memory unit
Using FIFO cost flow method, calculate the cost of goods sold and gross profit.
March 1 Beginning inventory 217 diamonds at a cost of $448 per diamond.
March 3 Purchased 289 diamonds at a cost of $505 each.
March 5 Sold 260 diamonds for $866 each.
March 10 Purchased 476 diamonds at a cost of $541 each.
March 25 Sold 563 diamonds for $939 each.
Any help is greatly appreciated!
March 1 Beginning inventory 217 diamonds at a cost of $448 per diamond.
March 3 Purchased 289 diamonds at a cost of $505 each.
March 5 Sold 260 diamonds for $866 each.
March 10 Purchased 476 diamonds at a cost of $541 each.
March 25 Sold 563 diamonds for $939 each.
Any help is greatly appreciated!
Please help me with this accounting question?
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