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HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as follows: Date Units Unit Cost Total Cost Beginning Inventory
HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as follows:
Date Units Unit Cost Total Cost
Beginning Inventory 10 $20 $200
February 3 Purchase 21 $21 $441
February 5 Purchase 11 $23 $253
February 7 Sale -26 N/A
February 9 Sale -14 N/A
February 13 Purchase 21 $22 $462
February 23 Purchase 23 $19 $437
February 25 Sale -14 N/A
February 27 Sale -23 N/A
The cost of goods sold using the periodic LIFO method is:
Select one:
a. $1,599
b. $1,622
c. $1,585
d. $1,613
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