Fabulous Fabricators, Inc. has 10 units in beginning inventory costing $60 each. It purchased 90 more for $48 each during the month. The company sold 80 units during the month.
Calculate cost of goods sold using:
A. FIFO
B. Average cost
C. LIFO

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The Answer of Fabulous Fabricators, Inc. has 10 units in beginning inventory costing $60 each. It purchased 90 more for $48 each during the month. The company sold 80 units during the month.
Calculate cost of goods sold using:
A. FIFO
B. Average cost
C. LIFO