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A company began 2 0 2 4 with 2 2 , 0 0 0 units of inventory on hand. The cost of each unit was
A company began with units of inventory on hand. The cost of each unit was $ During an additional units were purchased at a single unit cost, and units remained on hand at the end of units therefore were sold during The company uses a periodic inventory system. Cost of goods sold for applying the average cost method, is $ The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used. Determine the cost of goods sold for using the LIFO method.
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