Business
Business, 07.04.2020 15:52, nevaehkb

Kays Diamonds uses a periodic inventory system. The company had five bracelets available for sale this year: one was purchased on June 1 for $1,100, two were purchased on July 9 for $1,250 each, and two were purchased on September 23 for $1,350 each. On December 24, it sold one bracelet. Using the FIFO method, its cost of goods sold for the year ended is:

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