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Given the following data, calculate the cost of goods sold using the LIFO costing method. Item Unit Date 1/1 Beginning inventory 7 units at $20
Given the following data, calculate the cost of goods sold using the LIFO costing method. Item Unit Date 1/1 Beginning inventory 7 units at $20 per unit 3/18 Purchase of inventory 6 units at $22 per unit 6/20 Purchase of inventory 9 units at $25 per unit 9/27 Purchase of inventory 25 units at $26 per unit 11/27 Purchase of inventory 33 units at $27 per unit 12/31 Ending inventory 29 units O A. $1,359. OB. $1,633. O c. $1,020. O D. $1,366
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