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Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:
Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow: Click the icon to view the inventory and purchases data.
If Leading Edge Frame Shop uses the LIFO method, cost of goods sold will be
A $
Data table
B $
C $
D $
tableJun Beginning inventory,Unit Cost,Total Cost$$Jun Purchase,$Jun Sale,
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