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24-02-2024
Business

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A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? March 1 – Beginning inventory 10 units acquired at $39 cost/unit. March 2 – Purchased 10 units at $41 cost per unit. March 6 – Purchased 6 units at $44 cost per unit. March 8 – Sold 6 units at $44 cost per unit.

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