Question: Question 2 ( 1 point ) Martin uses the perpetual inventory system and FIFO cost flow method. During the year, Martin purchased 4 0 0

Question 2(1 point)
Martin uses the perpetual inventory system and FIFO cost flow method. During
the year, Martin purchased 400 units of inventory that cost $12 each and then
purchased an additional 600 units that cost $16 each. If Martin sells 700 units of
inventory, what is the amount of cost of goods sold?
Question 2(1 point) Martin uses the perpetual inventory system and FIFO

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