The laurel corporation starts the year with a beginning inventory of 600 units at $5 per unit. the company purchases 1,000 units at $4 each in february and 400 units at $6 each in october. laurel sells 300 units during the year. laurel has a periodic inventory system and uses the fifo inventory costing method. what is the amount of cost of goods sold? a) $1,200b) $1,868c) $1,500d) $1,800
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