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Assume Nile.com began January with 10 units of inventory that cost a total of $180. During January, Nile.com purchased and sold goods as follows: Jan.
Assume Nile.com began January with 10 units of inventory that cost a total of $180. During January, Nile.com purchased and sold goods as follows: Jan. 8 Purchase 30 units @ $19 14 Sale 25 units @ $38 22 Purchase 20 units @ $21 27 Sale 30 units @ $38 Under the FIFO inventory costing method and the perpetual inventory system, how much is Nile.com's cost of goods sold for the sale on January 14? Question Viewer O A. $465 B. $950 OC. $475 D. $750
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