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Question -
Date Transaction Amount
March 1 Opening inventory 550 items @ $26/item
March 8 Purchases 1,000 items @ $28/item
March 19 Sales1,200 units @ $40/item
March 28 Purchases750 units @ $30/item
If Anne's Bakery uses a perpetual inventory system and a LIFO cost flow assumption, what is the cost of goods sold for the month of March?
$32,500
$32,550
$33,200
$35,100
$31,200
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