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Bonita Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that cost $21 per unit. During the
Bonita Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that cost $21 per unit. During the current month, the company purchased 479 units at $21 each. Sales during the month totaled 361 units for $42 each. What is the cost of goods sold using the LIFO method?
$7581.
$10059.
$1617.
$15162.
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