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Gregor Incorporated uses the LIFO cost - flow assumption to value inventory. On January 1 , 2 0 2 4 , Gregor's inventory was 1
Gregor Incorporated uses the LIFO costflow assumption to value inventory. On January Gregor's inventory was units at a LIFO cost of $ per unit. During the first quarter of Gregor purchased units at an average cost of $ per unit and made sales of units at a retail price of $ per unit.
Required:
Assuming Gregor expects to replace the units of beginning inventory sold before the yearend at a cost of $ what is the amount of cost of goods sold for the quarter ended March
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