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Our company had the following balances and transactions during the current year related to merchandise...

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Accounting

Our company had the following balances and transactions during the current year related to merchandise inventory.

Beginning merchandise inventory on January 1100 units at $75 per unit
Purchase on February 14100 units at $80 per unit
Sale on August 21150 units


What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method?

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