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Novaks has the following inventory data: Nov. 1 Inventory 37units @ $7.30each 8 Purchase 146units @ $7.85each 17 Purchase 73units @ $7.70each 25 Purchase 110units
Novaks has the following inventory data:
Nov. 1 Inventory 37units @ $7.30each
8 Purchase 146units @ $7.85each
17 Purchase 73units @ $7.70each
25 Purchase 110units @ $8.10each
A physical count of merchandise inventory on November 30 reveals that there are122units on hand. Cost of goods sold under LIFO is
$1886.
$1932.
$937.
$983.
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