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Please answer. Purchases Price Quantity 100 Purchase 1 Qty x Price $1,000 $10 200 $11 $2,200 Purchase 2 Purchase Purchase 4 100 $1,200 $12 $14
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Purchases Price Quantity 100 Purchase 1 Qty x Price $1,000 $10 200 $11 $2,200 Purchase 2 Purchase Purchase 4 100 $1,200 $12 $14 300 S4200 $8,600 TOTAL 700 Sales Quantity 150 Sale 1 All from Purchase 2 Using the above information, what is the cost of Goods Sold using the specific identification method? Assume that the inventory balance before the first purchase was zero. Select one a $1,650 b. $1,564 c. $1,450 d. 51.850 Step by Step Solution
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