Use this information to answer the following question. Beginning


Question Description:

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Use this information to answer the following question. Beginning inventory 100 units @ $8.00 Purchase—Oct. 200 units @ $6.00 Purchase—Dec. 100 units @ $12.00 A periodic inventory system is used; ending inventory is 140 units. What is cost of goods sold under FIFO? $1,760 $3,160 $2,160 $4,160

Answer

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