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Pharoah has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 62 units at $149 372 units at

Pharoah has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 62 units at $149 372 units at $139 248 units 186 units at $143 174 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis

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