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A company's inventory records report the following in November of the current year: Beginning November 1 Purchase November 2 6 units @ $21 12 units
A company's inventory records report the following in November of the current year: Beginning November 1 Purchase November 2 6 units @ $21 12 units $23 Purchase November 12 8 units @ $25 On November 8, it sold 14 units for $51 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 14 units sold? Multiple Choice $318 $462 $506 Multiple Choice O $318 $462 $506 $602 $338
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