Biotrek Co. uses the perpetual inventory system and FIFO cost flow method. During the year,...
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Biotrek Co. uses the perpetual inventory system and FIFO cost flow method. During the year, Biotrek purchased 1,080 units of Inventory that cost $7 each and then purchased an additional 1110 units of inventory that cost $9 each. If Biotrek sells 1,550 units of inventory, what is the amount of cost of goods sold? Multiple Choice 514 260 513,950 $11790 $10.859
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