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Units Unit Cost You sell 100 units in $2.20 June. Calculate the cost of goods sold using first-in, first-out. Received June 4 60 June 11 20 $2.90 June 18 40 $2.30 June 25 60 $2.20

Units Unit Cost You sell 100 units in $2.20 June. Calculate the cost of goods sold using first-in, first-out. Received June 4 60 June 11 20 $2.90 June 18 40 $2.30 June 25 60 $2.20

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Units Unit You sell 100 units in $2.20 June. Calculate the cost of goods sold using first-in, first-out. Received Cost June 4 60 June 11 20 $2.90 June 18 40 $2.30 June 25 60 $2.20 A. $2.30 B. $2.36 C. $2.20 D. $2.24 23 - 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Units Unit You sell 100 units in $2.20 June. Calculate the cost of goods sold using first-in, first-out. Received Cost June 4 60 June 11 20 $2.90 June 18 40 $2.30 June 25 60 $2.20 A. $2.30 B. $2.36 C. $2.20 D. $2.24 23 - 2022 International Academy of Science. All Rights Reserved.
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