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Find what was the cost of the twenty eight units sold

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Problem 1: A company had beginning inventory of 12 units at a cost of $12 each on March 1. On March 2, it purchased 12 units at $18 each. On March 6 it purchased 7 units at $17 each. On March 8, it sold 28 units for $60 each. Using the FIFO perpetual inventory method, what was the cost of the 28 units sold?

Reference no: EM132724965

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