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Strods Company Reported the Following Purchases and Sales of Its

Question 85

Multiple Choice

Strods Company reported the following purchases and sales of its only product.Strods uses a periodic 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 periodic inventory system.Determine the cost assigned to cost of goods sold using FIFO. A) $2,460 B) $2,860 C) $2,980 D) $2,850 E) $2,590


A) $2,460
B) $2,860
C) $2,980
D) $2,850
E) $2,590

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