QWERTY company had the following purchases and sales of inventory for the month of November....
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Accounting
QWERTY company had the following purchases and sales of inventory for the month of November. At the beginning of the month, they had 150 units of inventory purchased at $7 per unit.
November 5th - purchased 450 units for $6 per unit
November 17th - sold 200 units for $12 per unit
November 25th - purchased 300 units for $8 per
November 30th - sold 500 units for $12 per unit
Assuming QWERTY company uses perpetual FIFO, what was the company's COST OF GOODS SOLD for November?
- $4,200
- $4,783
- $4,550
- $4,800
- $4,700
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