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yojoe102 yojoe102
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A month ago

MCE Incorporated uses the LIFO method to calculate ending inventory. Assuming 200 units are not sold, the cost of goods sold is:

January 1 Inventory150 units at $15$2,250
March 3 Purchase300 units at $12$3,600
July 1 Purchase250 units at $14$3,500
November 10 Purchase400 units at $10$4,000


$10,500



$7,500



$11,350



$8,500



None of the answer choices are correct.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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Juke72Juke72
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A month ago
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yojoe102 Author
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A month ago
You make an excellent tutor!
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Yesterday
Correct Slight Smile TY
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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