Anton Co

Subject:AccountingPrice:3.87 Bought7

Share With

Anton Co. uses the perpetual inventory method. Anton purchased 400 units of inventory that cost $12.00 each. At a later date the company purchased an additional 600 units of inventory that cost $16.00 each. If Anton uses the FIFO cost flow method and sells 700 units of inventory, the amount of cost of goods sold will be:

A) $11,200.

B) $10,400.

C) $8,400.

D) $9,600.