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A firm has purchases and sales as indicated in the table below Purchases and Sales of Product throughout the year Month Units Purchased Purchase

A firm has purchases and sales as indicated in the table below Purchases and Sales of Product throughout the year Month Units Purchased Purchase Cost Per Unit Units Sold Jan 500 $50 Mar Aug Sep 300 $60 200 100 4 Assuming the firm uses LIFO valuation method and perpetual inventory systems, the calculated COGS for the year would be O a $6000 Ob. $10.000 Oc. $15.000 Od $16,000 $18.000 Type here to search 9

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