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Company A uses the periodic inventory system. The beginning inventory consisted of 360 units that cost $65 each. During the month of February, the company
Company A uses the periodic inventory system. The beginning inventory consisted of 360 units that cost $65 each. During the month of February, the company made two purchases: on February 15, they bought 540 units at $68 each; on February 25, they bought 270 units at $70 each. Company A also sold 900 units during the month. Using LIFO, what is the amount of cost of goods sold? 79,020 61,470 0 60,120 68,710
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