Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information...
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Accounting
Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November:
Beginning Inventory
100 units @ $30.00 per unit
Purchase #1
60 units @ $35.00 per unit
Purchase #2
40 units @ $40.00 per unit
Units sold
170 units @ $100 per unit
What is the cost assignment to Peekes cost of goods sold using FIFO?
A. $5650
B. $5000
C. $5800
D. $5695
E. $5500
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