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Mandic, Inc. uses the FIFO method of valuing Inventory in a Perpetual Inventory system. The Purchases and Sales for September are as follows: Sep. 1
Mandic, Inc. uses the FIFO method of valuing Inventory in a Perpetual Inventory system. The Purchases and Sales for September are as follows: Sep. 1 Inventory 22 units at $25 4 Sold 12 units 10 Purchased 34 units at $27 17 Sold 24 units 30 Purchased 10 units at $33 What is the Cost of Goods Sold on September 30?
a 850
b.870
c.928
d.948
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