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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning Inventory 500 $ 2.40 Apr. 20 Purchase
Inventory records for Dunbar Incorporated revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||
Apr. | 1 | Beginning Inventory | 500 | $ | 2.40 | |
Apr. | 20 | Purchase | 400 | 2.50 |
Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming FIFO would be:
Group of answer choices
D) $1,710.
C) $1,720.
A) $1,730.
B) $1,700.
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