Question: Character Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of six units at $3 per

Character Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of six units at $3 per unit. The company purchased three units at $5 per unit in February, sold six units in October, and purchased three units at $6 per unit in December. If Character Company uses the LIFO method, what is the cost of goods sold for the year? Multiple Choice $33 $27 $51

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