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A company just starting business made the following inventory purchases and sales in June: If the company is using the PERIODIC inventory system, based on

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A company just starting business made the following inventory purchases and sales in June: If the company is using the PERIODIC inventory system, based on the LIFO cost flow assumption, the value of the cost of goods sold on June 30 is a. $3,050 b. $3,077.50 c. $3,120 d. $1,192.50

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