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FIFO QUESTION 16 Given the following data, what is cost of goods sold as determined by the FIFO m Sales Beginning inventory Purchases $2400 $2016

image text in transcribedFIFO
QUESTION 16 Given the following data, what is cost of goods sold as determined by the FIFO m Sales Beginning inventory Purchases $2400 $2016 $1840 $1800 |300 units 280 units at $6 per unit 108 units at $8 per unit

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