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Will rate on multiple accounts if all 3 are answered Question 30) Mandy Corp purchased Inventory as follows: March 3 300 units at $19 March

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Question 30) Mandy Corp purchased Inventory as follows: March 3 300 units at $19 March 4 200 units at $20 March 7 100 units at $2 On March 5, Mandy sold 400 units for $25 each. Using the Average Cost, the cost of goods sold on March 5, in a perpetual inventory system, is O a. $7,520 b. $7,732 O c. $10,000 d. $7,400. e $7.760 Question 31) Which of the following statements regarding inventories is correct? a. FIFO assumes that the costs of the earliest goods acquired are the last to be sold. b. It is generally good business management to sell the most recently acquired goods first. c. Under FIFO, the ending inventory is based on the latest units purchased. Od. FIFO tracks the actual physical flow of inventory. e. FIFO coincides with Average Cost. Question 28) A company just starting a business purchased three inventory items at the following prices: March 2, $150; March 7, $160; and March 15, $180 If the company sold one unit for $230 on March 10 and one unit for $250 on March 20 and uses the average cost formula in a perpetual inventory system, what is the cost of goods sold for March? a. $300.00 b. $335.00 O c. $322.50 Od. $480.00 e. $312.50

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