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The following information pertains to Julia & Company:
March 1 Beginning inventory = 29 units @ $5.90
March 3 Purchased 22 units @ 4.10
March 9 Sold 32 units @ 8.90
Problem 1: What is the cost of goods sold for Julia & Company assuming it uses LIFO?
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Caledonia is considering two additional mutually exclusive projects. The cash flows associated with these projects are as follows.
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