Question: Use the following data to calculate cost of merchandise sold under the FIFO method. September 1 Beginning Inventory 15 units at $20 each September 10

Use the following data to calculate cost of merchandise sold under the FIFO method.

September 1	Beginning Inventory	15 units at $20 each
September 10	Purchase	20 units at $25 each
September 20	Purchase	25 units at $28 each
September 30	Ending Inventory	30 units

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