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What is the dollar amount of cost of goods sold

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Reference no: EM133128994

Question - The following hammers were available for sale during the year for Wilkins Tools:

Beginning inventory 10 units at $40

First purchase 15 units at $50

Second purchase 30 units at $60

Third purchase 25 units at $65

Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the ?rst-in, ?rst-out method?

Reference no: EM133128994

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