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46. Texas Corporation began the year with 56 units, each costing $9. On January 4, it purchased 18 units for $10 each. On January
46. Texas Corporation began the year with 56 units, each costing $9. On January 4, it purchased 18 units for $10 each. On January 15, it purchased 24 units for $11 each. On January 26, the company sold 31 units for $24 each. Assuming Texas uses LIFO, determine its cost of goods sold. Cost of goods sold =>
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
