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Question: Inventory records for Marvin Company revealed the following:

Date Transaction

Number UNIT COST

of Units

Mar.1Beginning inventory 980 $7.23

Mar.10Purchase 540 7.68

Mar.16Purchase 720 8.11

Mar.23Purchase 600 8.51

Marvin sold 1,880 units of inventory during the month. Cost of goods sold assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Reference no: EM132670295

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