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Question
The inventory data for an item for November are:
Nov. 1 Inventory 20 units at $19
4 Sale 10 units
10 Purchase 30 units at $20
17 Sale 20 units
30 Purchase 10 units at $21
Using a perpetual system, what is the cost of merchandise sold for November if the company uses FIFO?
a. $610
b. $600
c. $590
d. $580
Answer
This answer is hidden. It contains 1 characters.
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