Business
Business, 24.03.2021 17:00, biancatay

Oriole Company has the following inventory data: July 1 Beginning Inventory 45 units at $22 $990 7 Purchases 157 units at $24 3768 22 Purchases 22 units at $25 550 $5308
A physical count of merchandise inventory on July 30 reveals that there are 56 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is:.
a. $3774.
b. $3908.
c. $4054.
d. $3942.

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Answers: 1

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Oriole Company has the following inventory data: July 1 Beginning Inventory 45 units at $22 $990 7...

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