Gray's Company as the following purchases and sales during the month of August. Using the...
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Accounting
Gray's Company as the following purchases and sales during the month of August. Using the FIFO perpetua/inventory methodWhat amount will be reported as cost of goods sold for the 12 units that were sold? Units sold at Ietail Date August 1 August August 6 Activities Beginning inventory Purchase Sales Units Acquired at Cost 10 units 534 = 5340 20 units 536 = 5720 ABB 12 units sold
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