Question: A company's inventory records report the following in November of the current year: Units Sold at Retail Date November 1 November 2 November 8 November

A company's inventory records report the following in November of the

A company's inventory records report the following in November of the current year: Units Sold at Retail Date November 1 November 2 November 8 November 12 Activities Beginning inventory Purchase Sales Purchase Units Acquired at Cost 5 units @ $24 = $120 10 units @ $26 = $260 12 units @ $58 6 units @ $29 = $174 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold

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