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A local pen manufacturer purchased 40 units on December 25 at a cost of $10 for each unit and 20 units on December 28 for
A local pen manufacturer purchased 40 units on December 25 at a cost of $10 for each unit and 20 units on December 28 for $14 each. The business sold 16 units in its final transaction of 2022 on December 30 . Which of the following inventory cost flow method will result in the $14 cost per unit being part of the cost of goods sold in 2022 ? LIFO Periodic inventory method. LIFO Perpetual inventory method. Both LIFO using either periodic or perpetual inventory methods. Weighted average inventory method. Calculate the cost of goods sold using the table given below. $16,87,000. $16,92,000. $17,00,000. $17,67,000
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