Question: if the company uses the first in first out method and the 7) A company's inventory records indicate the following data for the month of
if the company uses the first in first out method and the
7) A company's inventory records indicate the following data for the month of April: April 1 April 5 April 9 April 14 April 20 April 30 G300 5300 beginning purchase sale purchase sale purchase 350 units at $18 each 290 units at $20 each 500 units at $55 each 250 units at $22 each 200 units at $55 each 240 units at $25 each - 1,000 If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what is the amount of cost of goods sold for April
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