A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. On March 6 it purchased 7 units at $20 each. On March 8, it sold 28 units for $63 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold?
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Home » Business » A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. On March 6 it purchased 7 units at $20 each. On March 8, it sold 28 units for $63 each.