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Cost of Goods Sold Calculation (LIFO Method): Item Quantity Cost per Unit ($) Product A 300 8 Product B 200 10 Product C 150 12
- Cost of Goods Sold Calculation (LIFO Method):
Item | Quantity | Cost per Unit ($) |
Product A | 300 | 8 |
Product B | 200 | 10 |
Product C | 150 | 12 |
Calculate the cost of goods sold using the Last-In-First-Out (LIFO) method.
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