ABC Inc. sells socks. During January 2016, ts inventory records for one brand of its...
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ABC Inc. sells socks. During January 2016, ts inventory records for one brand of its socks were a Quantity Price per pair Total Beginning Inventory 10 pairs $20 $200 January 6 Purchase 4 pairs $25 100 January 10 Sale January 15 Purchase 7 pairs $30 $210 January 20 Sale January 25 Purchase 4 pairs $30 $120 5 pairsN/A 10 pairs NA See information above. Using this information, the cost of goods sold using the periodic simple average cost method is Select one ? a, $378 b. $265 C. $236 d.$358
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