Smalley inc purchased items of inventory as follows jan 4

Reference no: EM13613387

Smalley, Inc., purchased items of inventory as follows: Jan. 4 100 units @ $2.00 Jan. 23 120 units @ $2.25 Smalley sold 50 units on January 28. Compute the cost of goods sold for the month under the FIFO inventory method.

Reference no: EM13613387

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