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June corp sells one product and uses a perpetual inventory

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June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 20 units that cost $20 per unit. During the current month, the company purchased 120 units at $20 each. Sales during the month totaled 90 units for $43 each. What is the cost of goods sold using the LIFO method?

Reference no: EM13604037

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