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Given the following data, calculate the cost of goods sold using the LIFO costing method. Date 1/1 3/18 6/20 9/27 11/27 12/31 Item Beginning inventory
Given the following data, calculate the cost of goods sold using the LIFO costing method. Date 1/1 3/18 6/20 9/27 11/27 12/31 Item Beginning inventory Purchase of inventory Purchase of inventory Purchase of inventory Purchase of inventory Ending inventory Unit 15 units at $19 per unit 5 units at $21 per unit 6 units at $24 per unit 35 units at $25 per unit 35 units at $26 per unit 41 units O A $1,410 O B. $1,929 OC. $1,045 OD. $1,259
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