The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.
<h3>What is FIFO?</h3>
FIFO means First-in, First-out.
The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.
The FIFO method is the opposite of the Last-in, First-out (LIFO) method.
<h3>Data and Calculations:</h3>
Number of units produced = 200,000 units
Cost of production = $3 million
Unit cost of production = $15 ($3,000,000/200,000)
Beginning finished goods inventory = 25,000 units
Cost of Beginning inventory = $310,000
Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)
Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.
Learn more about the FIFO Cost Flow Method at brainly.com/question/19167666
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