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Question 59

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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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