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Oct 16, 2020 · On January 1, the company purchased 3,100 units of inventory that cost $7.5 each. On Janualy 12, the company purchased an additional 4,100 units ...
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Oct 23, 2023 · On January 1, the company purchased 3,000 units of inventory that cost $7.00 each. On January 12, the company purchased an additional 4,000 ...
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The answer is Option C. Cost of Goods Sold, 11,800. Inventory, 11,800. Solution notes: When recording cost of goods sold under the FIFO method, costs are ...
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