Question: Multiple Choice Question 88 Piper Pipes has the following inventory data: July 1 Beginning inventory 58 units at $139 5 Purchases 348 units at $130

Multiple Choice Question 88 Piper Pipes has the following inventory data: July 1 Beginning inventory 58 units at $139 5 Purchases 348 units at $130 14 Sale 232 units 21 Purchases 174 units at $133 30 Sale 162 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?

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