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If a company has ending inventory of $25,000 purchases during the year of $95,000, and beginning inventory of $30,000. cost of goods sold equals $90.000

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If a company has ending inventory of $25,000 purchases during the year of $95,000, and beginning inventory of $30,000. cost of goods sold equals $90.000 True or False True False Using the first in first out method (FIFO), the first units purchased are assumed to be the first ones sold True False

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