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A company's inventory records report the following in November of the current year: Date Units Acquired at Cost Activities November 1 Beginning inventory November 2

A company's inventory records report the following in November of the current year: Date Units Acquired at Cost Activities November 1 Beginning inventory November 2 Purchase November 8 Sales November 12 Purchase Units Sold at Retail 5 units 10 units $34 - $170 $36 = $360 12 units @ $68 6 units $39 - $234 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? Multiple Choice $428 $394 $286 $336 $450 ET

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