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Sanfillipo, inc., had 800 units of inventory on hand at march 1 of the current year, costing $20 each. purchases and sales of inventory during the month of march were as follows: date purchases sales march 8 600 units 15 400 units @ $22 each 22 400 units @ $24 each 27 400 units sanfillipo uses the perpetual inventory system. according to a physical count, 600 units were on hand at the end of march. the cost of goods sold for march applying the fifo method is:
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