Suppose a company had the following inventory information:Beginning Inventory: 100 units @ $4.00 cost per...
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Accounting
Suppose a company had the following inventory information:
Beginning Inventory: 100 units @ $4.00 cost per unit
Purchases: 120 units @ $7.00 cost per unit
If the company then sold 190 units, calculate what would be the amount of COGS under FIFO?
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