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QUESTION 18 Gutierrez Industries uses a periodic inventory system. During its first month of operations, Gutierrez makes the following purchases: February 1 February 15 February

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QUESTION 18 Gutierrez Industries uses a periodic inventory system. During its first month of operations, Gutierrez makes the following purchases: February 1 February 15 February 25 40 units @ $100 per unit 70 units @ $80 per unit 170 units @ $60 per unit At the end of February, a physical count shows 10 units on hand. Rounded to the nearest whole dollar, ending inventory and cost of goods sold using the FIFO cost flow method are, respectively: A. $600 and $19,200 OB. 5707 and $19,093 OC. $1,000 and 518,800 D. None of the above k Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers MacBook Pro

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