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Consider the following information: beginning inventory, 1 0 units @ $ 2 0 per unit; first purchase, 3 5 units @ $ 2 2 per

Consider the following information: beginning inventory, 10 units @ $20 per unit; first purchase, 35 units @ $22 per unit; second purchase, 40 units @ $24 per unit; 50 units were sold. What is cost of goods sold using the FIFO method of inventory costing?
$1,090
$1,060
$1,180
$1,200

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