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The Farley Corporation starts the year with a beginning inventory of 3,700 units at $5...

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Accounting

The Farley Corporation starts the year with a beginning inventory of 3,700 units at $5 per unit. The company purchases 5,700 units at $4 each in February and 2,700 units at $6 each in March. Farley sells 1,300 units during this quarter. Farley has a perpetual inventory system and uses the FIFO inventory costing method. What is the cost of goods sold for the quarter?

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