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Prescott Plates Uses a Periodic Inventory System

Question 84

Multiple Choice

Prescott Plates uses a periodic inventory system. Prescott sold 35 dining sets during September. Other data for September include: Prescott Plates uses a periodic inventory system. Prescott sold 35 dining sets during September. Other data for September include:   Prescott sold 10 units from the Sept 1 balance, 15 from the Sept 6 purchase, and 10 from the Sept 12 purchase. Cost of Goods Sold under the Specific Invoice method is: A)  $5,020. B)  $9,750. C)  $9,170. D)  $11,050. Prescott sold 10 units from the Sept 1 balance, 15 from the Sept 6 purchase, and 10 from the Sept 12 purchase. Cost of Goods Sold under the Specific Invoice method is:


A) $5,020.
B) $9,750.
C) $9,170.
D) $11,050.

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