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Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows.
Glasgow Enterprises started the period with 65 units in beginning inventory that cost $2.60 each. During the period, the company purchased inventory items as follows. Glasgow sold 325 units after purchase 3 for $10.90 each.
PurchaseNo. of ItemsCost1300$3.102200$3.20355$3.60
Glasgow's cost of goods sold under FIFO would be:
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