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Determine the dollar value of cost of goods sold for month

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Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date             Activity Quantity               Unit              Price

5/1           Beginning Inventory              130               $10

5/5             Purchase                             180                $12

5/15               Purchase                              350              $14

5/25                  Purchase                              260              $16

Question 1: Sales were 460 units at $20. Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132570268

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