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Please answer question below. Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory. Beginning
Please answer question below.
Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1: 260 units @ $15.00 Purchase 400 units @ $18.00 Purchase 100 units @ $13.50 Purchase 220 units @ $15.75 Ending Inventory, December 31: 240 units The company's cost of goods sold for its fiscal year is: Select one: O a. None of these are correct. O b. $3,600.00 O c. $12,315.00 O d. $10,611.50 O e. $12,180.00Step by Step Solution
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