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Singh Computer Shop Begins Operations on June 1 and Uses

Question 133

Multiple Choice

Singh Computer Shop begins operations on June 1 and uses a perpetual inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: Singh Computer Shop begins operations on June 1 and uses a perpetual inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: -Using the FIFO cost formula, the amount allocated to cost of goods sold for June is A) $10,000. B) $10,600. C) $13,000. D) $20,800.
-Using the FIFO cost formula, the amount allocated to cost of goods sold for June is


A) $10,000.
B) $10,600.
C) $13,000.
D) $20,800.

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