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* * * Company Q uses the FIFO ( First - In , First - Out ) inventory valuation method. It began the year with

***Company Q uses the FIFO (First-In, First-Out) inventory valuation method. It began the year with 100 units of product A, each costing $10. During the year, it purchased an additional 200 units at $12 each. By the end of the year, it sold 250 units. Calculate the COGS using the FIFO method.

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