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Anton Company uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 560 units of inventory that cost $6 each
Anton Company uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 560 units of inventory that cost $6 each and then purchased an additional 720 units of inventory that cost $8 each. If Anton sells 900 units of inventory, what is the amount of cost of goods sold? Multiple Choice $7,080 $6,080 $7,200 $5,400
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