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Given the following data, what is cost of goods sold as determined by the FIFO method? Sale 280 units Beginning inventory 260 units at $4
Given the following data, what is cost of goods sold as determined by the FIFO method?
Sale | 280 units |
Beginning inventory | 260 units at $4 per unit |
Purchases |
128 units at $9 per unit |
A. $2,520.
B. $1,760.
C. $1,120.
D. $1,220.
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