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Question 11 (8 points) Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

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Question 11 (8 points) Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 125 $10 5/5 Purchase 225 $12 5/15 Purchase 230 $14 5/25 Purchase 200 $16 Sales were 570 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May. Your Answer: Answer Question 12 (8 points)

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