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King Costume uses a periodic Inventory system. The company started the month with 7 masks in its beginning inventory that cost $10 each. During the
King Costume uses a periodic Inventory system. The company started the month with 7 masks in its beginning inventory that cost $10 each. During the month, King Costume purchased 49 additional masks for $12 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
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