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Strods Company Reported the Following Purchases and Sales of Its

Question 91

Multiple Choice

Strods Company reported the following purchases and sales of its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using FIFO. Strods Company reported the following purchases and sales of its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using FIFO. A) $2,980 B) $2,460 C) $2,850 D) $2,590 E) $5,440


A) $2,980
B) $2,460
C) $2,850
D) $2,590
E) $5,440

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