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Given the following data, what is the value of the cost of goods sold as determined by the FIFO method? Sales revenue 350 units at

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Given the following data, what is the value of the cost of goods sold as determined by the FIFO method? Sales revenue 350 units at $15 per unit Purchases 220 units at $11 per unit Beginning 150 units at $8 per unit inventory Multiple Choice $3,400 $3,425 $3,300 $3,410

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