Question: PLEASE ANSWER FAST answer fast QUESTION 2 A company had the following purchases during its tirst year of operation Sales January March May Purchases 30

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QUESTION 2 A company had the following purchases during its tirst year of operation Sales January March May Purchases 30 units al $40 35 units at $20 42 units at $60 The company uses FIFO method to determine its cost of inventory. a. What is the cost of goods sold in May? b. What is the total cost of goods purchased during the year

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