A company's inventory records report the following in November of the current year: Date Activities Units Acquired
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Question:
A company's inventory records report the following in November of the current year:
Date Activities Units Acquired at Cost Units Sold at Retail
November Beginning inventory units @ $ $
November Purchase units @ $ $
November Sales units @ $
November Purchase units @ $ $
Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the units sold?
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