Question: can someone explain the steps for this mathematical?please and thank you -ed Question 9 0/ 1 pts Piper Pipes has the following inventory data: July

can someone explain the steps for this mathematical?please and thank you

-ed Question 9 0/ 1 pts Piper Pipes has the following inventory data: July 1 Beginning inventory 20 units at $120 5 Purchases 120 units at $112 14 Sale 80 units 21 Purchases 60 units at $115 30 Sale 56 units Assuming that a periodic inventory system is used what is the cost of goods sold on a LIFO basis? $15,412 $7,328 $7,348 $15,392

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