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The Following Hammers Were Available for Sale During the Year

Question 53

Multiple Choice

The following hammers were available for sale during the year for Felicity Tools:
The following hammers were available for sale during the year for Felicity Tools: Felicity has 45 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method? A) $10,550 B) $ 7,700 C) $ 6,600 D) $ 7,600 Felicity has 45 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the first-in, first-out method?


A) $10,550
B) $ 7,700
C) $ 6,600
D) $ 7,600

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