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Barry's Books Uses a Periodic Inventory System Cost of Goods Sold Under the FIFO Method Is:
A)$920

question 12

Multiple Choice

Barry's Books uses a periodic inventory system.Barry's Books sold 40 copies of Helpful Hints during September.Other data for September include:
 Sep. 1 Balance 10 books @$208 Purchased 15 books @$2117 Purchased 20 books @$2225 Purchased 20 books @$24\begin{array} { | c | l | l | } \hline \text { Sep. } 1 & \text { Balance } & 10 \text { books } @ \$ 20 \\\hline 8 & \text { Purchased } & 15 \text { books } @ \$ 21 \\\hline 17 & \text { Purchased } & 20 \text { books } @ \$ 22 \\\hline 25 & \text { Purchased } & 20 \text { books } @ \$ 24 \\\hline\end{array}
Cost of goods sold under the FIFO method is:


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