Question: Multiple Choice Question 89 Coronado has the following inventory information. July Beginning Inventory 20 units at $20 50 units at $19 10 units at $20

Multiple Choice Question 89 Coronado has the following inventory information. July Beginning Inventory 20 units at $20 50 units at $19 10 units

Multiple Choice Question 89 Coronado has the following inventory information. July Beginning Inventory 20 units at $20 50 units at $19 10 units at $20 $400 950 200 $1550 7 Purchases 22 Purchases A physical count of merchandise inventory on July 31 reveals that there are 0 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $1039. $1010 $970 $1000

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