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Use This Inventory Information for the Month of March to Answer

Question 53

Multiple Choice

Use this inventory information for the month of March to answer the following question. Use this inventory information for the month of March to answer the following question. -Assuming that a periodic inventory system is used,what is cost of goods sold on a FIFO basis? A) $2,160 B) $3,780 C) $3,861 D) $5,940
-Assuming that a periodic inventory system is used,what is cost of goods sold on a FIFO basis?


A) $2,160
B) $3,780
C) $3,861
D) $5,940

Correct Answer:

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