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Acme-Jones Corporation uses a LIFO perpetual inventory system. August 2, 35 units were purchased at $17 per unit. August 5, 20 units were purchased at
Acme-Jones Corporation uses a LIFO perpetual inventory system. |
August 2, 35 units were purchased at $17 per unit. |
August 5, 20 units were purchased at $14 per unit. |
August 15, 22 units were sold at $45 per unit. |
August 18, 25 units were purchased at $15 per unit. |
What was the amount of the cost of goods sold? |
Multiple Choice
$314.00
$374.00
$341.00
$330.00
$343.80
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