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Use the Following Information for the Month of July for Questions

Question 52

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Use the following information for the month of July for questions
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.
Use the following information for the month of July for questions ABC Inc.uses the FIFO cost formula in a perpetual inventory system. -The cost of goods sold for the July 9 sale was A) $475. B) $480. C) $495. D) $500.
-The cost of goods sold for the July 9 sale was


A) $475.
B) $480.
C) $495.
D) $500.

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