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Refer to the inventory cost shown below for Product D. The company values its inventory using First In First Out (FIFO) methods. Product D Inventory
Refer to the inventory cost shown below for Product D. The company values its inventory using First In First Out (FIFO) methods. Product D Inventory purchase Inventory sold Date Units Cost per unit Total cost Date Units 1-Jan 2008 1600 1-Mar 400 7 2800 1-Nov 150 6 900 1-Dec 350 Inventory on hand at 31 December: 400 What is the cost of goods sold on 1-Dec? $2,300 O $2,473.33 $2,650 O $2,826.67
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