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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 cost-flow assumption to value inventory. On January 1,2024, Gregor's inventory was 100 units at a LIFO cost of $25 per unit. During the first quarter of 2024, Gregor purchased 200 units at an average cost of $40 per unit and made sales of 265 units at a retail price of $50 per unit.
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Assuming Gregor expects to replace the units of beginning inventory sold before the year-end at a cost of $41, what is the amount of cost of goods sold for the quarter ended March 31,2024?

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