Question: please help me to find the answer ABC Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Beginning inventory Jul 7

please help me to find the answer ABC Inc. uses the

please help me to find the answer

ABC Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Beginning inventory Jul 7 Purchases Jul 8 Sales Jul 9 Sales Jul 10 Purchases Jul 22 Sales 20 units @ $19 per unit 70 units @ $20 per unit 50 units 25 units 50 units @ $22 per unit 40 units The cost of goods sold for the July 9 sale was O 1) $475. O2) $480. 3) $495. 4) $500

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