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A companys inventory records report the following in November of the current year: Beginning November 1 5 units @ $19 Purchase November 2 10 units
A companys inventory records report the following in November of the current year: Beginning November 1 5 units @ $19 Purchase November 2 10 units @ $21 Purchase November 12 6 units @ $23 On November 8, it sold 12 units for $49 each. Using the perpetual LIFO inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?
Multiple Choice
$443
$378
$374
$342
$248
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