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Quan Uses a Periodic Inventory System

Question 104

Multiple Choice

Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. If Quan, Inc.uses FIFO inventory costing, how much is cost of goods sold for April? A) $230 B) $232 C) $240 D) $250 If Quan, Inc.uses FIFO inventory costing, how much is cost of goods sold for April?


A) $230
B) $232
C) $240
D) $250

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