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Determine the amount of cost of goods sold

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Question - Vargas Company uses the perpetual inventory method. Vargas purchased 1,200 units of inventory that cost $13.00 each. At a later date the company purchased an additional 1,600 units of inventory that cost $14.00 each. Vargas sold 1,300 units of inventory for $17.00. If Vargas uses a FIFO cost flow method, determine the amount of cost of goods sold appearing on the income statement?

Reference no: EM133135602

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