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A company has the following inventory information and uses the periodic system May 1 , Beginning Inventory 1 4 units at $ 1 each May

A company has the following inventory information and uses the periodic system

May

1,

Beginning Inventory

14

units at $

1

each

May

4

Purchase

16

units at $

2

each

May

7

Sale

23

units

The company uses the LIFO method of inventory costing. What is the cost of goods sold?

.

39

.

32

.

14

.

7

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