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The following information pertains to Julia & Company: March 1 Beginning inventory = 25 units @ $5.30 March 3 Purchased 19 units @ 4.40 March
The following information pertains to Julia & Company:
| March | 1 | Beginning inventory = 25 units @ $5.30 | ||
| March | 3 | Purchased 19 units @ 4.40 | ||
| March | 9 | Sold 29 units @ 8.20 |
What is the cost of goods sold for Julia & Company assuming it uses LIFO?
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College Accounting Chapters 1-26
Authors: Douglas J. McQuaig, Patricia A. Bille
6th Edition
0395796997, 978-0395796993
