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A Company Made the Following Merchandise Purchases and Sales During

Question 195

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A company made the following merchandise purchases and sales during the month of May. There was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of goods sold for May? A company made the following merchandise purchases and sales during the month of May. There was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of goods sold for May?

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