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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 of X
the company had the following inventory transactions:
Beginning inventory: units at $ per unit.
Jan : Purchased units at $ per unit.
Feb : Sold units.
March : Purchased units at $ per unit.
What is cost of goods sold for Quarter
$
$
$
$
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