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NEW QUESTION: 1
The cost of goods sold under the specific identification method of inventory valuation is:
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B. US $1,'. 1
C. US $1.+1 ,1I
D. US. $1,1z.1
Answer: C
Explanation:
Of the 800 units sold during the period, the 300 units said on March 15 were purchased on January 12 at a cost of US $2.00 per unit. The remaining 500 units were purchased on May 5 at a cost of US $2.20 per unit. The cost of goods sold under the specific identification method is therefore US $1.700 [(300 units x $2.00) +500 units ? $2.20)].
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D. Image Response
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B. GroupTotalInstances
C. GroupInstancesCount
D. GroupSumInstances
Answer: B
Explanation:
Explanation
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