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Glasgow Enterprises Started the Period with 80 Units in Beginning

Question 37

Multiple Choice

Glasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows: Glasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows: Glasgow sold 265 units after purchase 3 for $7.80 each. What is Glasgow's cost of goods sold under FIFO? A) $596 B) $504 C) $769 D) $687 Glasgow sold 265 units after purchase 3 for $7.80 each.
What is Glasgow's cost of goods sold under FIFO?


A) $596
B) $504
C) $769
D) $687

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