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Assume a company had the following information for their inventory: Date Explanation Units Unit Cost Jan. 1 Beg. Inventory 100 $10 April 1 Purchase 200

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Assume a company had the following information for their inventory: Date Explanation Units Unit Cost Jan. 1 Beg. Inventory 100 $10 April 1 Purchase 200 $11 Sept. 15 Purchase 300 $12 Oct. 20 Purchase 400 $13 Nov. 1 Sale 550 Calculate the dollar amount of COGS using FIFO

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