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Question(s) / Instruction(s):

A company has inventory of 20 units at a cost of $13 each on June 1. On June 3, it purchased 19 units at $15 each. 23 units are sold on June 5. Using the FIFO perpetual inventory method, what is the cost of the 23 units that were sold? A. $260 B. $305 C. $45 D. $299 E. $345

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