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Question 3 Not yet answered Blue Co. sells televisions. Blue's beginning of the year inventory consists of 100 TV's that cost $800 per TV. During
Question 3 Not yet answered Blue Co. sells televisions. Blue's beginning of the year inventory consists of 100 TV's that cost $800 per TV. During the year the following purchases were made: April 8th, 600 TV's for $750 per unit, July 4th, 200 TV's for $700 per unit, October 31st, 500 TV's for $650 per unit, and November 12th, 300 TV'S for $850 per unit. Blue sold 1,500 TV's during the year. Under the FIFO inventory method what was the cost of goods sold for the year? Points out of 2 P Flag question Select one: O a. $1,102,941 O b. $1,095,000 O c. $1,080,000 O d. $1,250,000
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