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Glasgow Enterprises started the period with 220 units in beginning inventory that cost $9.50 each. During the period, the company purchased inventory items as follows:
Glasgow Enterprises started the period with 220 units in beginning inventory that cost $9.50 each. During the period, the company purchased inventory items as follows: Purchase 1 2 3 Number of Items 1,600 1,550 190 Glasgow sold 1,800 units after purchase 3 for $8.40 each. What is Glasgow's cost of goods sold under FIFO? Multiple Choice $17,100 $17,890 Cost $10.00 $10.10 $10.50 $18,900 $18,256
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