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Hey A company purchased 400 units for $30 each on January 31. It purchased 110 units for $40 each on February 28. It sold 175
Hey A company purchased 400 units for $30 each on January 31. It purchased 110 units for $40 each on February 28. It sold 175 units for $55 each from March 1 through December 31. If the company uses the last -in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.) OA. $6,350 OB. $4,400 O C. $12,000 OD. $16,400 Click to select your
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