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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 930 $7.13 Mar.10 Purchase 520 7.59
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 930 $7.13 Mar.10 Purchase 520 7.59 Mar 16 Purchase 770 8.04 Mar. 23 Purchase 510 8.44 Marvin sold 1,840 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 $14,727. $12,963. $15,530. $13,713
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