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What the company cost of goods sold for fiscal

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Question - Aiello Inc. had the following inventory in fiscal 2016. The company uses the LIFO method of accounting for inventory.

Beginning Inventory, January 1, 2016: 130 units @ $15.00

Purchase 200 units @ $18.00

Purchase 50 units @ $13.50

Purchase 110 units @ $15.75

Ending Inventory, December 31, 2016: 120 units

Required - What the company cost of goods sold for fiscal 2016?

Reference no: EM133049404

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