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The following information is available about inventory for Lemontree Company, Date May 1 May 5 May 16 Transaction Units Beginning Balance 17 Purchase 10 Sold

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The following information is available about inventory for Lemontree Company, Date May 1 May 5 May 16 Transaction Units Beginning Balance 17 Purchase 10 Sold 15 Cost per Unit $10 $12 What is the cost of goods sold for May as calculated using the LIFO method? a. $170 6.5165 C. 5320 d. $120

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