Question: Please show all steps so I can fully understand how to solve. Thank you An entity has the following inventory transactions for an item of

Please show all steps so I can fully understand how to

Please show all steps so I can fully understand how to solve. Thank you

An entity has the following inventory transactions for an item of inventory: Opening Inventory 111 units @ 10 Purchase 1 212 units @ 13 Sale 1 63 units $1110 $2756 What is cost of goods sold assuming the entity uses the FIFO method? Select one: a. $754 b. $819 c. $724 O d. 5630

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