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Consider the following information: Beg inventory 40 units @$20 per unit First purchase 70 units @ $22 per unit Second purchase 80 units @ $24

Consider the following information: Beg inventory 40 units @$20 per unit First purchase 70 units @ $22 per unit Second purchase 80 units @ $24 per unit 100 units were sold

What is COGS using the LIFO method?

a.

2,000
b.

1,120
c.

2,360
d.

2,400

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