A company has beginning inventory of 19 units at a cost of $21 each on February 1. On February 3, it purchases 31 units at $23 each. 22 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 22 units that are sold?

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O $468 O $483 $493 $462 O $472 O $468 O $483 $493 $462 O $472

Answer rating: 100% (QA)

Particulars Beginning inventory Febru... View the full answer