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Warren's clothing store sells jeans. During January, her inventory records for a brand of designer jeans were as follows: Beginning inventory 10 pairs x $22

  1. Warren's clothing store sells jeans. During January, her inventory records for a brand of designer jeans were as follows: 

  2. Beginning inventory 10 pairs x $22 = $220 
  3. On January 6 she buys 4 pairs x $25 = $100
  4. On January 10 she sells 5 pairs
  5. On January 15 she buys 7 pairs x $30 = $210 
  6. On January 20 you sell 10 pairs You buy 4 pairs on January 25 x $30 = $120 

  7. Using the information above, calculate the  periodic cost of goods sold using  LIFO.

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