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undefined Inventory records for Marvin Company revealed the following: Unit Cost Number of Units 980 580 Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16
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Inventory records for Marvin Company revealed the following: Unit Cost Number of Units 980 580 Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase $7.27 730 540 7.67 8.13 8.53 Marvin sold 1,970 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $14,757 O $16,804 $15,862 O O $14,907Step by Step Solution
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