Multiple Choice
Harris Corporation's inventory of a particular product includes 200 units purchased at a per-unit cost of $50, and another 100 units purchased at a unit cost of $60. If Harris sells 10 units of this product, the cost of goods sold will be:
A) $500.
B) $550.
C) $660.
D) The answer will depend upon the inventory flow assumption in use.
Correct Answer:
Verified
Correct Answer:
Verified
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