FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Assume the following information:
April 1 Inventory
$ 10
8 units at cost of
April 10 purchase
10 units at cost of $
10
April 12 sale
11 units
Using the perpetual inventory system, what is the
amount of cost of goods sold?
A. $ 180
B.$ 110
C.$ 70
D.$ 10
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Transcribed Image Text:Assume the following information: April 1 Inventory $ 10 8 units at cost of April 10 purchase 10 units at cost of $ 10 April 12 sale 11 units Using the perpetual inventory system, what is the amount of cost of goods sold? A. $ 180 B.$ 110 C.$ 70 D.$ 10
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