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A company had inventory of 10 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22
A company had inventory of 10 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it purchased 6 units at $25 each. On November 8, it sold 22 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? $470. $490. $450. $570. $520
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