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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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    Adam Inc Uses a Perpetual Inventory System
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Adam Inc Uses a Perpetual Inventory System

Question 100

Question 100

Multiple Choice

Adam Inc. uses a perpetual inventory system. Adam Inc. uses a perpetual inventory system.   If Adam uses the FIFO method, how much is cost of goods sold for the month of January? A)  $204 B)  $208 C)  $212 D)  $560 If Adam uses the FIFO method, how much is cost of goods sold for the month of January?


A) $204
B) $208
C) $212
D) $560

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