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Waterway Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10100 $ 9.00 Purchases: June 18 8500 8.00 November 8 5500
Waterway Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10100 $ 9.00 Purchases: June 18 8500 8.00 November 8 5500 8.00 A physical inventory on December 31 shows 3600 units on hand. Waterway sells the units for $ 11 each. The company has an effective tax rate of 24%. Waterway uses the periodic inventory method. Under the LIFO method, cost of goods sold is O $ 174100. 0 $ 163300. O $28800. O $ 170500
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