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    Financial and Managerial Accounting Study Set 3
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    Exam 6: Inventories
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    Use This Information to Answer the Following Question
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Use This Information to Answer the Following Question

Question 93

Question 93

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question.    -A periodic inventory system is used;ending inventory is 140 units. What is cost of goods sold under FIFO? A) $1,760 B) $3,160 C) $2,160 D) $4,160
-A periodic inventory system is used;ending inventory is 140 units.
What is cost of goods sold under FIFO?


A) $1,760
B) $3,160
C) $2,160
D) $4,160

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