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Smith Company had the following purchases and inventory levels during September. Use this data to calculate the cost of goods sold expense using the
Smith Company had the following purchases and inventory levels during September. Use this data to calculate the cost of goods sold expense using the FIFO method. September 1 Beginning Inventory 15 units at $20 each September 10 Purchase 20 units at $25 each September 20 Purchase 25 units at $28 each September 30 O $825 Ending Inventory 30 units $750 O$675 O $600
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