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Bella Inc. started the month with 5 items in inverntory with a total cost of $ 5 , 0 0 0 . It purchased 1
Bella Inc. started the month with items in inverntory with a total cost of $ It purchased items for $ on January After inspecting the inventory purchased on January management determined that it was not satisfied with the quality of the items. The supplier applied a price reduction on the total purchase. Using the LIFO method and assuming that items were sold on January what is the amount of cost of goods sold for January?
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