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AsadQ1 AsadQ1
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A month ago

Moss Company uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is:

January 1 Inventory200 units at $9$1,800
February 15 Purchase300 units at $10$3,000
August 20 Purchase400 units at $11$4,400
December 20 Purchase100 units at $12$1,200


$7,600



$7,280



$3,120



$3,400



None of the answer choices are correct.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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Ranim_SaleemRanim_Saleem
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A month ago
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This site is awesome
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Smart ... Thanks!
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Good timing, thanks!
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