Solution-What is the cost of goods sold for the year

What is the cost of goods sold for the year

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Question - A company uses the perpetual inventory method purchases different letters for resale. They had a beginning inventory comprised of seven units at $6 per unit. The company purchased three units at $8 per unit in February, sold six units in October and purchased four units at $9 per unit in December.

Required - If the company uses the LIFO method what is the cost of goods sold for the year?

Reference no: EM132526330

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What is the cost of goods sold for the year : A company uses the perpetual inventory method purchases different letters for resale. What is the cost of goods sold for the year

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What is the cost of goods sold for the year

Reference no: EM132526330

Reference no: EM132526330

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