Solution-What amount will be reported as cost of goods sold

What amount will be reported as cost of goods sold

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Question - Grays Company has inventory of 11 units at a cost of $6 each on August 1. On August 3, it purchased 21 units at $9 each. 13 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 13 units that were sold?

Reference no: EM132901682

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What amount will be reported as cost of goods sold

Reference no: EM132901682

Reference no: EM132901682

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