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amichellecam2
amichellecam2
03.02.2020 • 
Business

Assume that fey company reports the following initial balance and subsequent purchase of inventory. inventory balance at beginning of year 1,200 units @ $60 each $ 72,000 inventory purchased during the year 1,800 units @ $90 each 162,000 cost of goods available for sale during the year 3,000 units $234,000 assume that 1,900 units are sold during the year. what amount is reported for cost of goods sold using the lifo method?

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