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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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