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Question - A company just starting business made the following four inventory purchases in June:
June 1
150 units
$400
June 10
160 units
590
June 15
690
June 28
190 units
500
$2180
A physical count of merchandise inventory on June 30 reveals that there are 230 units on hand. Using the FIFO inventory method, compute the amount allocated to cost of goods sold for June?
Sold merchandise to a customer. Freight costs were $750. The goods were shipped FOB destination.
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awtrey quilting company makes blankets that it markets through a variety of department stores. it makes the blankets in
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