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question mc qu 104 a company had the following a company had the following purchases 4293633


MC Qu. 104 A company had the following… A company had the following purchases and sales during its first year of operations: Purchases Sales January:10 units at $120 6 unit:s February: 20 units at $125 5 units May: September: 12 units at $135 8 units November: 10 units at $140 15 units at $130 9 units 13 On December 31, there were 26 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)

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