Question: Use the data below for Peak Pour Ltd to answer the following question: Date Explanation Units Unit Cost Total Cost January 1 Beginning Inventory 1

Use the data below for Peak Pour Ltd to answer the following question:
Date Explanation Units Unit Cost Total Cost
January 1 Beginning Inventory 11 $3 $33
April 21 Purchase 5 $4 $20
August 22 Purchase 10 $5 $50
Totals 26 $103
Peak Pour Ltd uses FIFO and 12 units are sold during the period. What is cost of goods sold?

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