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Trumpeting Trumpets has the following inventory data: Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO

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Trumpeting Trumpets has the following inventory data: Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? a. $38,530 b. $38,480 c. $18,370 d. $18,320

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