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Business, 07.04.2020 15:54 simmonss1185

The Laurel Corporation starts the year with a beginning inventory of 360 units at $11 per unit. The company purchases 530 units at $16 each in February and 320 units at $12 each in October. Laurel sells 180 units during the year. Laurel has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold?

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The Laurel Corporation starts the year with a beginning inventory of 360 units at $11 per unit. The...
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