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Glasgow Enterprises Started the Period with 80 Units in Beginning

Question 14

Multiple Choice

Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows: Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows: Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's cost of goods sold under FIFO? A) $1,650 B) $1,860 C) $2,310 D) $2,100 Glasgow sold 220 units after purchase 3 for $17.00 each.
What is Glasgow's cost of goods sold under FIFO?


A) $1,650
B) $1,860
C) $2,310
D) $2,100

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