Using the fifo perpetual inventory method what amount will


Grays Company has inventory of 18 units at a cost of $6 each on August 1. On August 3, it purchased 28 units at $12 each. 20 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 20 units that were sold?

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Accounting Basics: Using the fifo perpetual inventory method what amount will
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