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Glasgow Enterprises started the period with 75 units in beginning inventory that cost $2.00 each. During the period, the company purchased inventory items as follows.

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Glasgow Enterprises started the period with 75 units in beginning inventory that cost $2.00 each. During the period, the company purchased inventory items as follows. Glasgow sold 395 units after purchase 3 for $10.20 each Purchase No. of Items 370 115 Cost $2.50 $2.60 $3.00 60 Glasgow's cost of goods sold under FIFO would be: Multiple Choice O $1.051. o o o $950 Multiple Choice $1,051. $950. $790. $1185

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