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Using Exhibit A, if we sold 220 units, what is the COGS using: Average cost First-in, First-out (FIFO) Last-in, First-out (LIFO) Exhibit A: Period No.
| Using Exhibit A, if we sold 220 units, what is the COGS using: | ||
| Average cost | ||
| First-in, First-out (FIFO) | ||
| Last-in, First-out (LIFO) | ||
| Exhibit A: | ||
| Period | No. of Items | Unit Cost |
| 1/1/2020 | 100 | $ 10 |
| Jan. purchases | 50 | $ 11 |
| Feb. purchases | 40 | $ 12 |
| Mar. purchases | 75 | $ 10 |
| Apr. purchases | 30 | $ 15 |
| May purchases | 45 | $ 11 |
| Jun. purchases | 25 | $ 10 |
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GLP Quality Audit Manual
Authors: Milton A. Anderson
3rd Edition
0367398435, 978-0367398439
