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The Coronado Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases for its

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The Coronado Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases for its Model 10 Fastback Computer System Date June 1 9 Purchases Units Units Cost 5 $2010 11 $2560 On June 30 an inventory count showed there were 7 units on hand. Using the FIFO inventory cost formula, the amount allocated to cost of yoods sold for June is $18360 O $20440 O $14280 O $17920 Activate Win Go to Settings to

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