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Lowell Inc. had the following inventory in fiscal 2012. The company uses the LIFO method of accounting for inventory. Beginning Inventory, August 1, 2011: 100

Lowell Inc. had the following inventory in fiscal 2012. The company uses the LIFO method of accounting for inventory.

Beginning Inventory, August 1, 2011: 100 units @ $20.00 Purchase 300 units @ $22.00 Ending Inventory, July 31, 2012: 100 units

The company's cost of goods sold for fiscal 2012 is:

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