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Option D: 15,415 Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar. 16 Purchase Mar.23 Purchase Number
Option D: 15,415
Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar. 16 Purchase Mar.23 Purchase Number of Units 980 600 700 540 Unit Cost $7.17 7.64 8.04 8.44 Marvin sold 1.930 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not found your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $16,289. $14.425 515,675 Step by Step Solution
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