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Metlock Company has the following data related to an item of inventory: The value assigned to cost of goods sold if Metlock uses FIFO is

Metlock Company has the following data related to an item of inventory: image text in transcribed

The value assigned to cost of goods sold if Metlock uses FIFO is

Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 350 units @ $1.80 1350 units @ $1.90 240 units @ $1.95 500 units

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