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What cost of goods sold using the lifo cost flow assumption

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Problem 1: Bordeaux Corp., a French subsidiary of a US company, sells one product and uses a perpetual inventory system. The beginning the inventory consisted of 40 units that cost €2,000 per unit. During the current month, the company purchased: 240 units at €2,100 each. Sales during the month totaled 180 units for €4,350 each. What is the cost of goods sold using the LIFO cost flow assumption?

Reference no: EM132679995

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