Salmone Company reported the following purchases and sales of its only product Salmone uses a...
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Accounting
Salmone Company reported the following purchases and sales of its only product Salmone uses a perfocle inventory system Deletmine the cost assigned to cost of goods sold using FIFO Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 154 units $10-$1,540 224 units 512 = $2,688 144 units @ $20 104 units 513 = $1,352 94 units @ $21
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