Business, 28.06.2020 03:01 keni97

Vargas Company uses the perpetual inventory method. Vargas purchased 800 units of inventory that cost $9.00 each. At a later date the company purchased an additional 1,200 units of inventory that cost $10.00 each. Vargas sold 900 units of inventory for $13.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be:

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Vargas Company uses the perpetual inventory method. Vargas purchased 800 units of inventory that cos...

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