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Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases ( listed in chronological order of acquisition
Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases listed in chronological order of acquisition:
units at $ per unit
units at $ per unit
units at $ per unit
Sales for the year totaled units, leaving units on hand at the end of the year.
Cost of Goods Sold using the LIFO method is:
$
$
$
$
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