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Sheridan Company sells one product and uses a perpetual inventory system. The beginning inventory consisted of 78 units that cost $19 per unit. During the
Sheridan Company sells one product and uses a perpetual inventory system. The beginning inventory consisted of 78 units that cost $19 per unit. During the current month, the company purchased 484 units at $19 each. Sales during the month totaled 363 units for $42 each. What is the cost of goods sold using the LIFO method?
$9196.
$15246.
$1482.
$6897.
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