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Grays Company has inventory of 12 units at a cost of $7 each on August 1. On August 3, it purchased 22 units at $10
Grays Company has inventory of 12 units at a cost of $7 each on August 1. On August 3, it purchased 22 units at $10 each. 14 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 14 units that were sold
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