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Given the following information, determine cost of goods sold and ending inventory using the FIFO method_ Beginning inventory 40 units @ $2 per unit Purchases:
Given the following information, determine cost of goods sold and ending inventory using the FIFO method_ Beginning inventory 40 units @ $2 per unit Purchases: 25 units @ $5 per unit Sales: 30 units COGS $145; Ending inventory $60 COGS $60; Ending inventory $145 COGS $60; Ending inventory $60 COGS $145; Ending inventory $145
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