Question: need help asap Use the information below to answer the following questions. The following lots of a particular commodity were available for sale during the

need help asap

Use the information below to answer the following questions. The following lots of a particular commodity were available for sale during the year: The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the amount of cost of merchandise sold for the year according to the LIFO method? a. $1,380 b. $1,250 c. $1,510 d. $1,375

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