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Perch Company Reported the Following Purchases and Sales for Its

Question 51

Multiple Choice

Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO.


A) $2,260
B) $3,180
C) $1,860
D) $3,580
E) $2,100

Correct Answer:

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