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Assume the following events for a month for Company X: Beginning Balance of Inventory is 4 0 0 Units and the cost is $ 2
Assume the following events for a month for Company X:
Beginning Balance of Inventory is Units and the cost is $ per Unit.
October Company X purchases Units at a cost of $ per Unit.
October Company X sells units for $ per Unit.
October Company X purchases Units at a cost of $ per Unit.
October Company X sells units for $ per Unit.
October Company X purchases units for $ per Unit.
Use this data to answer all questions.Question
Using LIFO Periodic, what is the COGS for October?
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