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4) A company's inventory records indicate the following data for the month of April: April 1 Beginning 350 units at $18 each April 5

4) A company's inventory records indicate the following data for the month of April: April 1 Beginning 350 units at $18 each April 5 Purchase 290 units at $20 each April 9 Sale 500 units at $55 each April 14 Purchase 250 units at $22 each April 20 Sale 200 units at $55 each April 30 Purchase 240 units at $25 each If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what is the amount of cost of goods sold for April?

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As per FIFOgoods purchased first are sold off first Hence sales on April 9 ... blur-text-image

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