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A company's Inventory records report the following in November of the current year: Units Sold at Retail Date November 1 November 2 November 8 November
A company's Inventory records report the following in November of the current year: Units Sold at Retail Date November 1 November 2 November 8 November 12 Activities Beginning inventory Purchase Sales Purchase Units Acquired at cost 5 units @ $48 - $240 10 units $50 = $500 12 units @ $82 6 units @ $53 - $318 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold
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