Question: Beginning inventory 10 units @ $10 per unit First purchase 35 units @ $11 per unit First sale 20 units Second purchase 40 units @

Beginning inventory 10 units @ $10 per unit First purchase 35 units @ $11 per unit First sale 20 units Second purchase 40 units @ $12 per unit Second sale 35 units Third purchase 15 units @ $13 per unit What is the value of cost of goods sold using a periodic inventory system with the FIFO costing method?

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