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Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1 :

Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory.
Beginning Inventory, January 1: 260 units @ $15.00
Purchase 400 units @ $18.00
Purchase 100 units @ $13.50
Purchase 220 units @ $15.75
Ending Inventory, December 31: 240 units
The companys cost of goods sold for its fiscal year is:
Select one:
a.
$12,315.00
b.
$12,180.00
c.
$10,611.50
d.
None of these are correct.
e.
$3,600.00

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