What was the cost of goods sold for the eighteen units sold, Accounting Basics

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What was the cost of goods sold for the eighteen units sold

Problem

A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, they purchased 10 units at $22 each. On November 6, they purchased 6 units at $25 each. On November 8, they sold 18 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of goods sold for the 18 units sold?

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Accounting Basics: What was the cost of goods sold for the eighteen units sold

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