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Units Received Unit You sell 100 units in Cost $2.80 June. Calculate the cost of goods sold using first-in, first-out. June 4 30 June 11 80 $2.20 June 18 50 $2.40 June 25 40 $2.60 A. $2.38 B. $2.20 C. $2.42 D. $2.46

Units Received Unit You sell 100 units in Cost $2.80 June. Calculate the cost of goods sold using first-in, first-out. June 4 30 June 11 80 $2.20 June 18 50 $2.40 June 25 40 $2.60 A. $2.38 B. $2.20 C. $2.42 D. $2.46

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Units Received Unit Cost You sell 100 units in $2.80 June. Calculate the cost of goods sold using first-in, first-out. June 4 30 June 11 80 $2.20 June 18 50 $2.40 June 25 40 $2.60 A. $2.38 B. $2.20 C. $2.42 D. $2.46 3- 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Units Received Unit Cost You sell 100 units in $2.80 June. Calculate the cost of goods sold using first-in, first-out. June 4 30 June 11 80 $2.20 June 18 50 $2.40 June 25 40 $2.60 A. $2.38 B. $2.20 C. $2.42 D. $2.46 3- 2022 International Academy of Science. All Rights Reserved.
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Under FIFO Inventory method goods purchased sold first.

 

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