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Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for

Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system.
Purchases Sales
Units Unit Cost Units Selling Price/Unit

3/1

Beginning inventory

128 $50

3/3

Purchase

72 $60

3/4

Sales

72 $90

3/10

Purchase

256 $65

3/16

Sales

80 $100

3/19

Sales

120 $100

3/25

Sales

72 $100

3/30

Purchase

56 $70

.

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Swed. Jo Chapter 6, Quiz 1 Flashcards O X U courses/36486/assignments/4852738 Maps Snow Attempt story Current Attempt in Progress Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis March. Concord Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 128 72 $50 $60 3/3 Purchase 3/4 Sales $90 Purchase 3/10 3/16 | 256 $65 Sales $100 Sales $100 3/19 3/25 Sales $100 3/30 Purchase 56 $70 X Your answer is incorrect. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March

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