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Inventory records for ABC Company revealed the following: Number Unit Date Transaction of Units Cost Apr. 1 Beginning inventory 480 $2.33 Apr. 20 Purchase 350
Inventory records for ABC Company revealed the following: Number Unit Date Transaction of Units Cost Apr. 1 Beginning inventory 480 $2.33 Apr. 20 Purchase 350 2.51 ABC sold 700 units of inventory during the month. Cost of goods sold assuming LIFO would be: ( amount.) Multiple Choice $1,391. $1,671. $1,694. $1,631
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