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PurchasesQuantityPriceQuantity \times PricePurchase 1100$10$1,000Purchase 2200$11$2,200Purchase 3100$12$1,200Purchase 4300$14$4,200TOTAL700$8,600SalesQuantitySale 1150All from Purchase 2Using the above information, what...

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Accounting

PurchasesQuantityPriceQuantity \times PricePurchase 1100$10$1,000Purchase 2200$11$2,200Purchase 3100$12$1,200Purchase 4300$14$4,200TOTAL700$8,600SalesQuantitySale 1150All from Purchase 2Using the above information, what is the cost of goods sold using the specific identification method? Assume that the inventory balance before the first purchase was zero.Select one:a. $1,850b. $1,650C. $1,450d. $1,564

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