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QUESTION 2: Imagine you work in a grocery store and are in charge of the purchases of apples. The following events occur: On January 1,
QUESTION 2: Imagine you work in a grocery store and are in charge of the purchases of apples. The following events occur: On January 1, you purchased 12 apples at a cost of $0,20 each On January 5, you purchased 13 apples at a cost of $0,32 each On January 7, you purchased 23 apples at a cost of $0,36 each Finally, on January 8, you sell 17 apples for $6 (in total), what is the COGS of the apples sold? A) Using the FIFO method COGS = B) Using the Average Cost method
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