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Title: A company purchased 400 units for $30 each on January 31. It purchased 95 units for $40 each on ... Post by: H3Ko on Aug 29, 2016 A company purchased 400 units for $30 each on January 31. It purchased 95 units for $40 each on February 28. It sold 150 units for $55 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 income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.)
A) $15,800 B) $3,800 C) $12,000 D) $5,450 Title: Re: A company purchased 400 units for $30 each on January 31. It purchased 95 units for $40 each on ... Post by: Tanks on Aug 29, 2016 Content hidden
Title: Re: A company purchased 400 units for $30 each on January 31. It purchased 95 units for $40 each on ... Post by: H3Ko on Oct 12, 2016 I just realized you had posted this! Thanks so much
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