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Vino Vitality sells wine. They have the following inventory purchases during the year: 50 units @ $10 each 25 units @ $15 each 10 units

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Vino Vitality sells wine. They have the following inventory purchases during the year: 50 units @ $10 each 25 units @ $15 each 10 units @ $5 each During the year, Vino Vitality sold 70 units. Using the Last in First out (LIFO) method of inventory costing, what amount of Cost of Goods Sold (COGS) would Vino Vitality report on it's income statement? $762 $775 $900 $800

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