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Question 71

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory,cost of goods sold is A) $221. B) $418. C) $338. D) $445. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory,cost of goods sold is


A) $221.
B) $418.
C) $338.
D) $445.

Correct Answer:

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