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What is the cost of goods sold using the LIFO method

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Question - Sheridan Company sells one product and uses a perpetual inventory system. The beginning inventory consisted of 78 units that cost $19 per unit. During the current month, the company purchased 484 units at $19 each. Sales during the month totaled 363 units for $42 each. What is the cost of goods sold using the LIFO method?

a. $15246.

b. $9196.

c. $6897.

d. $1482.

Reference no: EM132713160

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