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

Question 61

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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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