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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? Activities Beginning inventory Purchase Date June 1 June 4 June 6 Sales Units Acquired at Cost 10 units @ $28 = $280 20 units @ $30 $600 Units Sold at Retail 12 units sold. Multiple Choice O O O $300. $328 $326
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