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Moss Co Uses the FIFO Method to Calculate Ending Inventory

Question 58

Multiple Choice

Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is: Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is: A) $7,600 B) $7,280 C) $3,120 D) $3,400 E) None of these


A) $7,600
B) $7,280
C) $3,120
D) $3,400
E) None of these

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