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Hello! Please help with the answer and understanding of this problem. Thank you so much! Aiello, Inc. had the following inventory in fiscal 2016. The

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Hello! Please help with the answer and understanding of this problem. Thank you so much!

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Aiello, Inc. had the following inventory in fiscal 2016. The company uses the FIFO method of accounting for inventory. Beginning Inventory, January 1, 2016: 130 units @ $15.00 Purchase 200 units @ $18.00 Purchase 50 units @ $13.50 Purchase 110 units @ $15.75 Ending Inventory, December 31, 201 6: 120 units The company's cost of goods sold for fiscal 2016 is: Select one: O O O o O A. $6,090.00 B. $6,045.00 c. $6,157.50 D. $5,305.75 E. None of the above

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