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Business, 13.03.2020 22:07 ira51

Inventory records for Marvin Company revealed the following:

Date Transaction Number
of Units Unit
Cost
Mar. 1 Beginning inventory 900 $7.14
Mar. 10 Purchase 560 7.57
Mar. 16 Purchase 790 8.02
Mar. 23 Purchase 510 8.42

Marvin sold 1,900 units of inventory during the month. Cost of goods sold assuming FIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount):

$15,998.

$14,194.

$14,844.

$15,155.

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Answers: 1

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Inventory records for Marvin Company revealed the following:

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