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Barry's Books Uses a Periodic Inventory System

Question 67

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: Barry's Books uses a periodic inventory system. Barry's Books sold 40 copies of Helpful Hints during September. Other data for September include:   Cost of goods sold under the FIFO method is: A)  $720. B)  $975. C)  $1,575. D)  some other number. Cost of goods sold under the FIFO method is:


A) $720.
B) $975.
C) $1,575.
D) some other number.

Correct Answer:

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