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Harrison Harrison
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6 years ago
Given the following data, what is cost of goods sold as determined under the FIFO method?

Sales revenue   350 units at $35 per unit
Beginning inventory   120 units at $15 per unit
Purchases   400 units at $20 per unit
A) $6,400
B) $5,250
C) $4,600
D) $7,000
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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