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Beginning September 1 Purchase September 2 Purchase September 12 15 units @ $7 14 units @ $9 21 units @ $10 On September 8,
Beginning September 1 Purchase September 2 Purchase September 12 15 units @ $7 14 units @ $9 21 units @ $10 On September 8, it sold 22 units for $38 each. Using the LIFO perpetual Inventory method, what was the amount recorded in the cost of goods sold account for the units sold?
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
