Question: TB MC Qu . 0 5 - 1 1 6 ( Algo ) Grays Company has... Grays Company has the following purchases and sales during

TB MC Qu

. 05 - 116 (

Algo

)

Grays Company has...

Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the

12

units

that were sold?

Multiple Choice

348 .

320 .

364 .

380 .

350 .

TB MC Qu.05-116(Algo) Grays Company has... Grays Company has the following

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