Fifo perpetual inventory method


A company had inventory of 11 units at a cost of $23 each on November 1. On November 2, it bought 11 units at $40 each. On November 6 it bought 5 units at $28 each. On November 8, it sold 25 units for $71 each. Using the FIFO perpetual inventory method, what was the cost of the 25 units sold?

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Mathematics: Fifo perpetual inventory method
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