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Question - Eastview Company uses a perpetual LIFO inventory system, and has the following purchases and sales:
January 1 150 units were purchased at $9 per unit.
January 17 120 units were sold.
January 20 160 units were purchased at $11 per unit.
January 29 150 units were sold.
Required - What is the value of cost of goods sold?
a. $2,750.
b. $2,730.
c. $440.
d. $380.
e. $2,670.
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