12) Bombard Company has the following data available: Units Sold Units Purchased 500 200 Unit...
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Accounting
12) Bombard Company has the following data available: Units Sold Units Purchased 500 200 Unit Cost $10 $12 350 Transaction Beginning Inventory March 1 Purchase April 25 Sale June 10 Purchase July 20 Sale October 30 Purchase December 15 Sale 300 $14 250 350 $15 400 If Bombard Company uses a perpetual LIFO inventory system, the cost of goods sold for the year is A) $3,500 B) $5,520 C) $16,850 D) $13,350
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