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Grays Company has inventory of 22 units at a cost of $10 each on August 1. On August 3, it purchased 32 units at $12
Grays Company has inventory of 22 units at a cost of $10 each on August 1. On August 3, it purchased 32 units at $12 each. 24 units are sold on August 6. Using the FIFOperpetualinventory method, what amount will be reported as cost of goods sold for the 24 units that were sold?
$250
$528
$248
$164
$244
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