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# \$1.00accounting

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Q:

company purchased 100 units for \$20 each on January 31. It purchased 100 units for \$30 on February 28. It sold 150 units for \$45 each from March 1 through December 31. If the company uses the Last-In, First-Out inventory costing method, what is the amount of Cost of goods sold on the December 31 income statement? (Points : 1)
\$4,000
\$3,750
\$6,750
\$3,500
None of these is correct

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Real CPA You Can Trust !!! --- US Accounting
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\$1.00
cost of goods sold
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• Posted on Jun 22, 2012 at 10:10:41PM
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