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Frank's Futures marchandising business that sells furniture. The company purchased 3 wooden tables from a man tacturer for $100 each on Anil The como then
Frank's Futures marchandising business that sells furniture. The company purchased 3 wooden tables from a man tacturer for $100 each on Anil The como then purchased an additional 2 tables for $110 each on Al 5 On Ai the company sells I table to a customer for $200. If Frank's Furniture uses to the UFO inventory costing method how much would it record as Cost of Goods Sold for the sale of 1 table? $100 $104 $105 5110 QUESTION 22 Frank's Furniture is a merchandising business that sells fumiture. The company purchased 3 wooden tables from a manufacturer for $100 each on April 1. The company then purchased an additional 2 tables for $110 each on April 5 On April the company sells 1 table to a customer for $200. If Frank's Furniture uses to the FIFO inventory costing method how much would record as Cost of Goods Sold for the sale of 1 table? $100 5100 5105 $110
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