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A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2, it purchased 12 units at

A company had beginning inventory of 12 units at a cost of $18 each on March 1. On March 2, it purchased 12 units at $30 each. On March 6 it purchased 7 units at $23 each. On March 8, it sold 28 units for $66 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold?

Multiple Choice

  • $576

  • $737

  • $558

  • $644

  • $668

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