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Music World sells small headphones. At the beginning of March, 100 headphones were on hand for which the firm had paid $25 each. Purchases and

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Music World sells small headphones. At the beginning of March, 100 headphones were on hand for which the firm had paid $25 each. Purchases and sales for the month were as follows. If Music World uses a periodic system with a LIFO cost flow assumption, March's cost of sales for the headphones is: a. $5020. b. $3360. c. $4500. d. $5340

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