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1. Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? a. $23,088 b. $11,022 c.

1. Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis?

a. $23,088

b. $11,022

c. $10,992

d. $23,118

2. Thanks

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