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The Acme Company buys 300 units of merchandise in January at $5 each. In February,...

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Accounting

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The Acme Company buys 300 units of merchandise in January at $5 each. In February, Acme buys 500 units at $4 each and in March it buys 200 units at $6 each. Acme sells 150 units during this quarter. What is the cost of goods sold using the FIFO inventory costing method? Multiple Choice $934 $600 O $900 O O $750

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