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The following lots of commodity P were available for sale during the year. begining inventory 5 units at $61 First purchase 15 units at $63
The following lots of commodity P were available for sale during the year. begining inventory
5 units at $61
First purchase 15 units at $63
Second purchase 10 units at $74
Third ourchase at 10 units at $77
The firm uses the periodic inventory systems and there are 20 units of the commodity on hand at the end of the year.
What is the cost of goods sold for the year using the FIFO?
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SAP S/4 HANA For Financial Accounting Associates SAP Certified Application Associate
Authors: D Jacobs ,S Matiana
1st Edition
1545316171, 978-1545316177
