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What is her cost of goods sold

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Question - Your friend Nayana owns a book store. Last year was her first year of operations. At the end of the year she had 50 books, for which she had paid $15 each. During the year she purchased another 200 books but they cost $ 20 each. At the end of the year she has 60 books left. What is her cost of goods sold if she applies FIFO for inventory accounting?

Reference no: EM132610352

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