Grays Company has inventory of 17 units at a cost of $12 each on August...
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Accounting
Grays Company has inventory of 17 units at a cost of $12 each on August 1. On August 3, it purchased 27 units at $11 each. 19 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 19 units that were sold?
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