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Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November: Beginning Inventory 100 units @ $30.00

Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November:

Beginning Inventory

100 units @ $30.00 per unit

Purchase #1

60 units @ $35.00 per unit

Purchase #2

40 units @ $40.00 per unit

Units sold

170 units @ $100 per unit

What is the cost assignment to Peekes cost of goods sold using FIFO?

A. $5650

B. $5000

C. $5800

D. $5695

E. $5500

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