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Inventory records for Marvin Company revealed the following: 7 3.5 points Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar.23 Purchase
Inventory records for Marvin Company revealed the following: 7 3.5 points Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar.23 Purchase Number of Units 930 540 790 560 Unit Cost $7.21 7.65 8.09 8.49 Marvin sold 1,940 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $12,689. $16,471 O $15,637. O $14,639
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