Question: Date Quantity Unit cost July 1 Beginning Balance 5 $55 July 4 Purchases 10 $53 July 7 Sale 12 July 11 Purchase 9 $54 July

Date Quantity Unit cost
July 1 Beginning Balance 5 $55
July 4 Purchases 10 $53
July 7 Sale 12
July 11 Purchase 9 $54
July 14 Sale 8

Assuming FIFO what is the cost of goods sold for July 14 sale?

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