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A company has beginning inventory of 14 units at a cost of $26 each on...

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Accounting

A company has beginning inventory of 14 units at a cost of $26 each on February 1. On February 3, it purchases 36 units at $28 each. 17 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 17 units that are sold?

Multiple Choice

$448

$442

$452

$478

$468

Answer & Explanation Solved by verified expert
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