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A firm has beginning inventory of 390 units at a cost of $10 each. Production during the period was 740 units at $13 each. If
A firm has beginning inventory of 390 units at a cost of $10 each. Production during the period was 740 units at $13 each. If sales were 680 units, what is the cost of goods sold (assume FIFO)? $7,670 $7,870 $7,970 $7,470 |
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