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What cost of goods sold under lifo is

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Reference no: EM132946335

Coronados has the following inventory data:
Nov.

1 Inventory 28 Units @ $5.60 each

8 Purchase 113 units @ $6.05 each

17 Purchase 56 units @ $5.90 each

25 Purchase 85 units @ $6.20 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 94 units on hand. Cost of goods sold under LIFO is?

Reference no: EM132946335

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