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A firm has beginning inventory of 350 units at a cost of $10 each. Production during the period was 670 units at $13 each. If
A firm has beginning inventory of 350 units at a cost of $10 each. Production during the period was 670 units at $13 each. If sales were 780 units, what is the cost of goods sold (assume FIFO)?
a) $9,090
b) $8,890
c) $9,390
d) $9,290
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