Smalley, Inc. purchased items of inventory as follows: Jan. 4 100 units @ $2.00 Jan. 23 120

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Smalley, Inc. purchased items of inventory as follows:
Jan. 4 100 units @ $2.00
Jan. 23 120 units @ $2.25
Smalley sold 50 units on January 28. Compute the cost of goods sold for the month under the FIFO inventory method.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Apr 21, 2014 03:34 AM

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Smalley, Inc. purchased items of inventory as follows: Jan. 4 100 units @ $2.00 Jan. 23 120

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