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The following information pertains to inventory for a company: March 1 Beginning inventory = 2 9 units @ $ 5 . 3 0 March 3

The following information pertains to inventory for a company:
March 1 Beginning inventory =29 units @ $5.30
March 3 Purchased 16 units @ 4.10
March 9 Sold 27 units @ 8.50
What is the cost of goods sold, assuming the company uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Multiple Choice
$111
$111
$124
$143

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