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Question 5 1 pts The Tasty Layers Company (TLC) began operations on January 1, 2018. TLC buys and sells sunflower flour for use in layered
Question 5 1 pts The Tasty Layers Company ("TLC") began operations on January 1, 2018. TLC buys and sells sunflower flour for use in layered cakes, and uses the LIFO method in accounting for its inventory. TLC closes its books annually. TLC recorded the following activities related to sunflower flour during 2018. Date Activity Quantity (lbs) $/lb 1/10/18 Purchase 10,000 4 4/23/18 20,000 5 Purchase Purchase 8/2/18 30,000 6 8/28/18 Sell 38,000 11 What is the cost of goods sold for sunflower flour associated with the 8/28 sale? O A) $208,000 O B) $200,000 C) $188,000 OD) $220,000 OE) None of the above
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