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Franklin Company uses a periodic inventory system and accounts for its inventory using the LIFO method. During Quarter 1 of 2 0 X 1 ,

Franklin Company uses a periodic inventory system and accounts for its inventory using the LIFO method. During Quarter 1 of 20X1,
the company had the following inventory transactions:
Beginning inventory: 150 units at $10 per unit.
Jan 10: Purchased 200 units at $12 per unit.
Feb 15: Sold 250 units.
March 5: Purchased 100 units at $15 per unit.
What is cost of goods sold for Quarter 1?
$3,550
$3,450
$2,900
$3,300
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