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    Using Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
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    ReadersCom Uses a Perpetual Inventory System
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ReadersCom Uses a Perpetual Inventory System

Question 261

Question 261

Multiple Choice

Readers.com uses a perpetual inventory system. Readers.com uses a perpetual inventory system.   If Readers.com uses the moving average method, how much is cost of goods sold for the units sold on February 15? A)  $245 B)  $255 C)  $260 D)  $270 If Readers.com uses the moving average method, how much is cost of goods sold for the units sold on February 15?


A) $245
B) $255
C) $260
D) $270

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