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Discuss the fifo perpetual inventory method

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A company had beginning inventory of 11 units at a cost of $26 each on March 1. On March 2, it purchased 11 units at $46 each. On March 6, it purchased 5 units at $31 each. On March 8, it sold 25 units for $74 each. Using the FIFO perpetual inventory method, what was the cost of the 25 units sold?

Reference no: EM131793282

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