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Perfect Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:
Perfect Corner Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow: EEB(Click the icon to view the inventory and purchases data.) If Perfect Corner Frame Shop uses the LIFO method, cost of goods sold will be A. $21,850. B. $20,550. Data Table C. $21,100 O D. $20,800. Unit Cost Units Total Cost 2,600 S Jun 1 Beginning inventory 13.00 33,800 4 Purchase 1,500 13.70 20,550 9 Sale (1,600) Print Done
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