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During July, the Following Purchases and Sales Were Made by James

Question 168

Multiple Choice

During July, the following purchases and sales were made by James Company. There was no beginning inventory. James Company uses a perpetual inventory system. During July, the following purchases and sales were made by James Company. There was no beginning inventory. James Company uses a perpetual inventory system. Under the FIFO method, the cost of goods sold for each sale is: July 13 July 22 A) € 900 €360 B) 975 390 C) 915 390 D) 1,125 450 Under the FIFO method, the cost of goods sold for each sale is: July 13 July 22


A) € 900 €360
B) 975 390
C) 915 390
D) 1,125 450

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