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A Company Just Starting Business Made the Following Three Inventory

Question 90

Multiple Choice

A company just starting business made the following three inventory purchases in February: A company just starting business made the following three inventory purchases in February: On Feb 15, there were 300 units sold. The company uses a perpetual inventory system. -Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for the February 15 sale is A) $1,525. B) $1875. C) $4,950. D) $3,075. On Feb 15, there were 300 units sold. The company uses a perpetual inventory system.
-Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for the February 15 sale is


A) $1,525.
B) $1875.
C) $4,950.
D) $3,075.

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