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

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The following information is available about inventory for Lemontree Company. Date May 1 May 5 May 16 Transaction Beginning Balance Purchase Sold Units 17 10 15 Cost per Unit $10 $12 What is the cost of goods sold for May as calculated using the LIFO method? a. $170 O b.5165 $320 d. 5120

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