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A company has the following purchases and sales during March.Using the FIFO perpetual inventory method, whatwas the cost of the 22 units sold?DateActivitiesUnits Acquired at CostUnits Sold at RetailMarch 1Beginning inventory10 units @ 38 =380March 2Purchase10 units @ 40 =400March 6Purchase6 units @ 43 =258March 8Sales22 units @ 72Multiple Choice8669048281,038952
A company has the following purchases and sales during March…
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Answered: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as follows: Oct. 1 Inventory 200 units at $30 Sale 160 units 15… | bartleby
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