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5 Pacific Company starts the year with a beginning inventory of 4,900 units at $7per unit. The company purchases 6,900 units at $6 each in
5 Pacific Company starts the year with a beginning inventory of 4,900 units at $7per unit. The company purchases 6,900 units at $6 each in February and 3,900 units at $8 each in March. Pacific sells 1,900 units during this quarter. Pacific has a perpetual inventory system and uses the FIFO inventory costing method. What is the cost of goods sold for the quarter? 10 points Multiple Choice 00:39:41 $15,200 $13,300 $11,400 $14,250
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