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Discuss the fifo perpetual inventory method

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Grays Company has inventory of 18 units at a cost of $6 each on August 1. On August 3, it purchased 28 units at $12 each. 20 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 20 units that were sold?

Reference no: EM131793296

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