Question: The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 30 units at $30 each 10 Purchase

The inventory data for an item sold by Able Co. for November is as follows: Nov. 1 Inventory 30 units at $30 each 10 Purchase 36 units at $31 each 20 Purchase 25 units at $32 each Nov. 30 Ending Inventory 34 units. Using the First-in, First-out (FIFO) method, what is the cost of goods sold recorded on Able's income statement at November 30 image text in transcribed

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