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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third
The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 900 units @ $3.40 1,000 units @ $3.60 1,200 units @ $3.70 800 units @ $3.80 3,000 units @ $5.30 What is the amount of cost of goods sold assuming the LIFO cost flow method? Multiple Choice 0 $1,400 O $11,080 0 $10,800 O $10.200
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