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following information pertains to inventory for a companyMarch 1 Beginning inventory = 2 7 units@ $ 5 . 2 0 March 3 Purchased 2 1

following information pertains to inventory for a companyMarch

1

Beginning inventory

= 27

units@ $

5.20

March

3

Purchased

21

units @

4.10

March

9

Sold

31

units @

8.40

What is the cost of goods sold, assuming the company uses LIFO?

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