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Marigold Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 75 units that cost $18per unit. During the current
Marigold Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 75 units that cost $18per unit. During the current month, the company purchased 482 units at $18 each. Sales during the month totaled 360 units for $42 each. What is the cost of goods sold using the LIFO method?
$15120.
$6480.
$1350.
$8676.
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