Question: The inventory data for an item sold by Able Co. for November is as follows: w Question Completi No. 1 Inventory 30 units at $30

The inventory data for an item sold by Able Co. for

November is as follows: w Question Completi No. 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

The inventory data for an item sold by Able Co. for November is as follows: w Question Completi No. 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? 01, $1024 2. $1079 3, $1737 4, $1792

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