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What would the cost of goods sold be for the month

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Reference no: EM132899424

Question - Lulu Ltd. uses a perpetual inventory system. During the month, Lulu purchased inventory with a purchase price of  $28325 and paid import duties of $1058. All of the inventory purchased was sold. What would the cost of goods sold be for the month, assuming that beginning inventory was zero?

a. $29383

b. $0

c. $28325

d. $27267

Reference no: EM132899424

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