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King Costume uses a periodic inventory system. The company started the month with 9 masks in its beginning inventory that cost $10 each. During the

King Costume uses a periodic inventory system. The company started the month with 9 masks in its beginning inventory that cost $10 each. During the month, King Costume purchased 58 additional masks for $10 each. At the end of the month, King counted its inventory and found that 3 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:

$434.

$440.

$24.

$428.

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Opening stock 6 Masks 8 Each 48 Purchases 41 Masks 10 Each 410 Closing ... blur-text-image

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