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Vargas Compony uses the perpetual inventory method. Vargas purchosed 2100 units of inventory that cost $22,00 each. At a later date the company purchased an

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Vargas Compony uses the perpetual inventory method. Vargas purchosed 2100 units of inventory that cost $22,00 each. At a later date the company purchased an additional 2,500 units of irventory thet cost $2300 each. Vargas sold 2,200 unts of inventory for $2600. if Varges uses a PFo cost flow (method, the amount of cost of goods sold sppearing on the income statement wit be Muitipherich 5) 700 44.200 56000

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