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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 November 1

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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 November 1 Beginning inventory 5 units @ $22 = $110 November 2 Purchase 10 units @ $24 = $240 November 8 Sales 12 units @ $56 November 12 Purchase 6 units @ $27' = $162 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 $274 $284 O $274 O $284 $306 O $202 $228

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