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Firm A had 500 units on hand at January 1 (beginning inventory), costing $9 each. Purchases and sales during the month of January were as
Firm A had 500 units on hand at January 1 (beginning inventory), costing $9 each. Purchases and sales during the month of January were as follows: Date Purchases Purchased Units Unit Cost Jan 13 250 10 Jan 15 250 12 Sales Sold Units Unit Price Jan 18 130 20 What is COGS under the LIFO method
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