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which one? ABC Company uses periodic inventory system. ABC Company uses First-in, first-out (FIFO) method. There is no beginning inventory On January 1, 2020. During
which one?
ABC Company uses periodic inventory system. ABC Company uses First-in, first-out (FIFO) method. There is no beginning inventory On January 1, 2020. During the year of 2020, the company makes the following purchases: Purchase Date Units Unit Cost January 8 1,343 $1.7 April 13 765 $1.75 December 13 1,721 $1.87 December 29 343 $1.9 At year-end, the physical count shows 1,976 units in the ending inventory. What is cost of goods sold for the year of 2020? Select one: a $3,705.41 b.$3,786.41 c. $2,978.97 d. $3,390.85 0 Step by Step Solution
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