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Marquis Company had the following purchases and sales during the first week of June. Using the FIFO perpetual inventory method, calculate the cost of goods
Marquis Company had the following purchases and sales during the first week of June. Using the FIFO perpetual inventory method, calculate the cost of goods sold for the 12 units that were sold on June 6th? Date June 1 June 41 Activities Units Acquired at Cost Units sold at Retail Beginning inventory Purchase 10 units 20 units $38 - $380 $40 - $800 June 6 Sales 12 units sold Multiple Choice 5476 $400. C $460 $436 5438
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