CuCo, which begins business in 20X8, uses the periodic method and LIFO costing. CuCos 20X8...
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CuCo, which begins business in 20X8, uses the periodic method and LIFO costing. CuCos 20X8 merchandise purchases are as follow: January 3 2,200 @$5 April 16 1,800 @$8 September 25 3,000 @$6 December 4 1,100 @$9 If CuCos December 31, 20X8 ending inventory is 300 units, its 20X8 cost of goods sold is a. $51,800 b. $50,600 c. $49,900
d. $52,100
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