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Company ABC follows the FIFO method for inventory valuation. Given the following inventory transactions for the month of June: - Beginning Inventory: 100 units at
Company ABC follows the FIFO method for inventory valuation. Given the following inventory transactions for the month of June: - Beginning Inventory: 100 units at $10 per unit - Purchases: - June 5: 200 units at $12 per unit - June 15: 150 units at $15 per unit - Sales: - June 8: 150 units - June 20: 200 units Calculate the Cost of Goods Sold for the month using the FIFO method.
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