Use the Following to Answer Questions

question 67

Multiple Choice

Use the following to answer questions
Ashland Company has a perpetual inventory system and uses the FIFO method of inventory costing. Ashland had a beginning inventory of 50 units and reported the following events during the month of June:

-The cost of goods sold for the June 21 sale is:

• A)$480
• B)$400
• C)$440
• D)$560

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