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Desert Company has a beginning balance in inventory of 4 1 0 units at $ 4 . 2 0 per unit. A record of transactions
Desert Company has a beginning balance in inventory of units at $ per unit. A record of transactions for the month of May is as follows:
Purchases Sales
May # Cost May # Price
$ $
$ $
$ $
Calculate Cost of Goods Sold in dollars using a LIFO perpetual inventory costing system. Round to the nearest dollar.
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