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RJ Corporation Has Provided the Following Information About One of Its

Question 62

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RJ Corporation has provided the following information about one of its inventory items: RJ Corporation has provided the following information about one of its inventory items: During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system? A) $11,680,000. B) $11,590,000. C) $11,480,000. D) $11,550,000. During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?


A) $11,680,000.
B) $11,590,000.
C) $11,480,000.
D) $11,550,000.

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