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    Corporate Financial Accounting Study Set 1
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    Exam 6: Inventories
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    What Is the Amount of Cost of Goods Sold for the Year
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What Is the Amount of Cost of Goods Sold for the Year

Question 45

Question 45

Multiple Choice

What is the amount of cost of goods sold for the year according to the FIFO method?


A) $1,380
B) $1,375
C) $1,510
D) $1,250

Correct Answer:

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