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is this right? Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Total Cost Mar. 1 Beginning inventory 1,000
is this right?
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Total Cost Mar. 1 Beginning inventory 1,000 $7.20 $7,200 Mar. 10 Purchase 600 7.25 $4,350 Mar. 16 Purchase 800 7.30 $5,840 Mar. 23 Purchase 600 7.35 $4,410 3,000 $21,800 Marvin sold 2,300 units of inventory during the month. The cost of goods sold assuming FIFO would be: $16,660 O $16,760 O $16,800 O $16,540Step by Step Solution
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