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Find the value assigned to cost of goods sold

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Question - Oriole Company has the following data related to an item of inventory:

Inventory, March 1 370 units @ $2.30

Purchase, March 7 1440 units @ $2.40

Purchase, March 16 240 units @ $2.45

Inventory, March 31 530 units

Required - Find the value assigned to cost of goods sold if Oriole uses FIFO?

Reference no: EM132722682

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