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Suppose that Sunland Automated Retail Company has the following inventory data: Nov. 1 Inventory 34...

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Accounting

Suppose that Sunland Automated Retail Company has the following inventory data: Nov. 1 Inventory 34 units @ $6.70 each 134 units @ $7.20 each 67 units @ $7.05 each 8 Purchase 17 25 Purchase Purchase 101 units @ $7.40 each The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 112 units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is $825. O $789. O $1587. O $1623.
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Suppose that Sunland Automated Retail Company has the following inventory data: Nov.1 Inventory 34 units@ $6.70 each 8 Purchase 134 units $7.20 each 17 Purchase 67 units@ $7.05 each 25 Purchase 101 units e $7.40 each The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 112 units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is $825. $789. $1587 $1623

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