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Niles Co. has the following data related to an item of inventory: Inventory, March 1...

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Accounting

Niles Co. has the following data related to an item of inventory: Inventory, March 1 100 [email protected] Purchase, March 7 350 [email protected] Purchase, March 16 70 [email protected] Inventory, March 31 130 units The value assigned to cost of goods sold if Niles uses FIFO is A) $290 B) $276 C) $862 D) $848

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