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Metlocks has the following inventory data: Nov. 1 Inventory 27units @ $5.40each 8 Purchase 108units @ $5.80each 17 Purchase 54units @ $5.65each 25 Purchase 81units
Metlocks has the following inventory data:
Nov. 1 Inventory 27units @ $5.40each
8 Purchase 108units @ $5.80each
17 Purchase 54units @ $5.65each
25 Purchase 81units @ $5.90each
A physical count of merchandise inventory on November 30 reveals that there are90units on hand. Cost of goods sold under LIFO is
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