Determine the dollar value of cost of goods sold

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Question - Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date Activity Quantity Unit Price

5/1 Beginning Inventory 110 $10

5/5. Purchase 150 $12

5/15. Purchase 330 $14

5/25. Purchase 270 $16

Required - Sales were 420 units at $20.  Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132762395

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