Question: During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows:

During the year, ABC Inc determined ending inventory and COGS under FIFO

During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost Beginning inventory 100 $5 Purchase, January 12 200 $6 Purchase, August 25 150 $7 Ending inventory 200 What is the value of COGS:

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