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Pacific Company starts the year with a beginning inventory of 3,200 units at $5 per unit. The company purchases 5,200 units at $4 each in
Pacific Company starts the year with a beginning inventory of 3,200 units at $5 per unit. The company purchases 5,200 units at $4 each in February and 2,200 units at $6 each in March. Pacific sells 1,050 units during this quarter. Pacific has a perpetual inventory system and uses the FIFO inventory costing method. What is the cost of goods sold for the quarter? Multiple Choice O $4,200 O O $6,300 O $5.250 $5,775 O
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