A firm has beginning inventory of 300 units at a cost of 11
A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume LIFO)?
a.) 9,000b.) 8,350c.) 7,700d.) 8,100
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