Question: Choco, Inc uses a perpetual inventory system. During October, Choco, Inc. sold 121 units during October. If Choco, Inc uses the LIFO method, how much

Choco, Inc uses a perpetual inventory system. During October, Choco, Inc. sold 121 units during October. If Choco, Inc uses the LIFO method, how much is the cost of goods sold for October? Units Costs Date Total costs 200 $2/unit Oct. 1 Beginning inventory $ 400 4 Sales 1 (price $10/unit) 121 Purchase 19 300 $4/unit $ 1.200 $ 1.600 Sales during October 121 Next Mac 20 $ 4 % 5 & 7 2 3 6 8 9 0 W R Y P

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