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Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 100 $200 $20,000 September 150 $300 $45,000 October 300 $400 $120,000 November 150
Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 100 $200 $20,000 September 150 $300 $45,000 October 300 $400 $120,000 November 150 $500 $75,000 Units Available for Sale 700 $260,000 Ending Inventory Units on Hand 500 Cost of Units on Hand $ Units Sold in December 200 Cost of Goods Sold Using the LIFO method and the information In this image, what is the Cost of Goods Sold during December? O $95,000 $165,000 $38,000 $222,000
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