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Use this information for the month of June. June 1 Beginning Inventory 10 units @$120 5 Purchase 60 units @ $112 14 Sale 40
Use this information for the month of June. June 1 Beginning Inventory 10 units @$120 5 Purchase 60 units @ $112 14 Sale 40 units 21 Purchase 30 units @ $116 30 Sale 28 units. Assuming that a periodic inventory system is used, what is cost of goods sold on a LIFO basis? Select one: O a. $7,696 O b. $7,736 c. $3,664 d. $3,704
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
