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Question - Go Griz Company has a perpetual inventory system and uses the LIFO method of inventory costing. Go Griz reported the following events during the month of June:
Number of Units Bought
Date
Event
Sold
Unit Price
June 1
Beginning Inv.
100
$10
3
Purchase
75
11
5
Sale
50
10
140
12
16
65
21
90
25
175
14
30
120
Required - The cost of goods sold for the June 21st sale is:
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