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Suppose that Oriole Automated Retail Company has the following inventory data: Nov. 1 Inventory 32 units @ $6.40 each 8 Purchase 127 units @
Suppose that Oriole Automated Retail Company has the following inventory data: Nov. 1 Inventory 32 units @ $6.40 each 8 Purchase 127 units @ $6.85 each 17 Purchase 64 units @ $6.70 each 25 Purchase 95 units @ $7.00 each The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 106 units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is O $1457. O $712. O $1430. O $739.
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