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Consider the following inventory records for Dockside Company: Date Transaction Number of Units Unit Cost Oct. 1 Beginning inventory 470 $ 2.37 Oct. 23 Purchase
Consider the following inventory records for Dockside Company: Date Transaction Number of Units Unit Cost Oct. 1 Beginning inventory 470 $ 2.37 Oct. 23 Purchase 360 2.58 The company sold 670 units of inventory during the month. Calculate cost of goods sold for the month assuming the company uses LIFO. (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
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