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A companys inventory records report the following in November of the current year: Beginning November 1 6 units @ $6 Purchase November 2 12 units
A companys inventory records report the following in November of the current year: Beginning November 1 6 units @ $6 Purchase November 2 12 units @ $8 Purchase November 12 8 units @ $10 On November 8, it sold 14 units for $36 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 14 units sold?
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