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Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 478 units that cost $70 each. During the month,
Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 478 units that cost $70 each. During the month, the company made two purchases: 722 units at $73 each and 362 units at $75 each. Sheffield Corp. also sold 1204 units during the month. Using the LIFO method, what is the amount of cost of goods sold for the month? $84280. O $86458. O $88256 O $87350
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