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Grays Company has inventory of 15 units at a cost of 510 each on August 1 On August 3, it purchased 25 units at $9
Grays Company has inventory of 15 units at a cost of 510 each on August 1 On August 3, it purchased 25 units at $9 each 17 units are sold on August 6 Using the FIFO perpetual Inventory method what amount will be reported as cost of goods sold for the 17 units that were sold? 55 Multiple Choice 5468 5174 O 575 5172 $255
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