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King Costume uses a periodic inventory system. The company started the month with 11 masks in its beginning inventory that cost $14 each. During the
King Costume uses a periodic inventory system. The company started the month with 11 masks in its beginning inventory that cost $14 each. During the month, King Costume purchased 53 additional masks for $16 each. At the end of the month, King counted its inventory and found that 7 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:
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