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Question 11 A company's inventory records report the following in November of the current year: Date Activities Units Acquired at Cost Units Sold at
Question 11 A company's inventory records report the following in November of the current year: Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 5 units @ $22 $110 November 2 Purchase 10 units @ $24 $240 November 8 Sales 12 units @ $56 November 12 Purchase 6 units @ $27 $162 4 pts Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? $274 $284 $228 $306 $202
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