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Samson Company had the following balances and transactions during 2013. Beginning inventory 10 units at $70 March 10 Sold 8 units June 10 Purchased 20
Samson Company had the following balances and transactions during 2013.
Beginning inventory | 10 units at $70 |
March 10 | Sold 8 units |
June 10 | Purchased 20 units at $80 |
October 30 | Sold 15 units |
What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual First-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.) A. $1,760 B. $1,610 C. $1,740 D. $1,840
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