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Anton Company uses the perpetual inventory method. Anton purchased 1,040 units of inventory that cost $6 each. At a later date the company purchased an
Anton Company uses the perpetual inventory method. Anton purchased 1,040 units of inventory that cost $6 each. At a later date the company purchased an additional 1,080 units of inventory that cost $8 each. If Anton uses the FIFO cost flow method and sells 1,500 units of inventory, the amount of cost of goods sold will be: Multiple Choice $12,000. $9,000. $12.120 $9,920
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