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The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 1.350 units at $16 each on January 1. Xu purchases
The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 1.350 units at $16 each on January 1. Xu purchases 1.600 units at $15 each in February and 750 units at $17 each in March. There were no additional purchases of sales during the remainder of the year Xu sells 1400 units during the quarter. If Xu uses the UFO method. what is its cost of goods sold? points (8 00212) 5700 $22.500
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