Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost...
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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 950 $7.24 Mar. 10 Purchase 510 7.69 Mar. 16 Purchase 780 8.11 Mar. 23 Purchase 500 8.51 Marvin sold 1,910 units of inventory during the month. Cost of goods sold assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount): $16,299. $16,254. $15,371. $14,449.
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