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Use this information to answer the following question. Jan. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 15 units @ $4.00 60 units @ $4.40

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Use this information to answer the following question. Jan. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 15 units @ $4.00 60 units @ $4.40 30 units @ $4.20 45 units @ $4.80 Total sales 50 units Assuming that a periodic inventory system is used, what is the cost assigned to cost of Goods Sold under LIFO? O a $452 O b. $429 Oc$214 O d. $237

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