Grays Company has inventory of 11 units at a cost of $6 each on August 1. On August 3, it purchased 21 units at $9 each. 13 units are sold on August 6. Using the perpetual FIFO inventory method, what amount will be reported as cost of goods sold for the 13 units that were sold?
A. $123.
B. $143.
C. $90.
D. $88.
E. $84.00.
Answer: E
Business
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