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the following information pertains to julia & company: March 1 beginning inventory = 28 units @ $5.80 March 3 purchased 15 units @ $3.70 March
the following information pertains to julia & company:
March 1 beginning inventory = 28 units @ $5.80
March 3 purchased 15 units @ $3.70
March 9 sold 23 units @ $ 8.80
what is the cost of goods sold for julia & company assuming it uses LIFO? show your solution.
a. $102
b. $133
c. $85
d. $93
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
