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If a company has purchased the same quantities of merchandise during the accounting period at different prices as follows: purchase 1 for $17, purchase 2
If a company has purchased the same quantities of merchandise during the accounting period at different prices as follows: purchase 1 for $17, purchase 2 for $15, purchase 3 for $12, and purchase 4 for $14, which cost would be assumed to be sold first using LIFO costing? O a. $12 O b. $15 O c. $14 O d. $17
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