Question: Assume Smart Touch Learning had 12 tablets in its beginning inventory, each with a cost of $280. On January 3, Smart Touch Learning purchased 13

Assume Smart Touch Learning had 12 tablets in its beginning inventory, each with a cost of $280. On January 3, Smart Touch Learning purchased 13 tablets at a cost of $313 each, and on January 10 Smart Touch learning purchased another 3 tablets at $328 each. On January 20, the company sold 3 tablets to a customer. If the company is using the FIFO method, what is the company's cost of goods sold for January under a periodic inventory system? O A. $840 O B. $984 O C. $939 O D. $7,429

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