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A company's inventory records report the following in November of the current year: Date Activities Units Acquired at Cost Units Sold at Retail Nov. 1

  1. A company's inventory records report the following in November of the current year:

    Date Activities Units Acquired at Cost Units Sold at Retail
    Nov. 1 Beginning inventory 5 units @ $20 = $ 100
    Nov. 2 Purchase 10 units @ $22 = $ 220
    Nov. 8 Sales 12 units @ $54
    Nov. 12 Purchase 6 units @ $25 = $ 150

    Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?

    $282

    $188

    $260

    $210

    $254

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