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please I need answer ASAP! The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company
please I need answer ASAP!
The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 9 $16 10 Sale 5 17 Purchase 10 $17 20 Sale 6 23 Sale 2 80 Purchase 12 $22 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method. Ca. $166 Ob. $98 Oc. $132 Od. $100Step by Step Solution
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