Use the following inventory table to find the cost of goods sold using the last-in, first-out...

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Use the following inventory table to find the cost of goods sold using the last-in, first-out (LIFO) inventory method. Date of purchase Units purchased Cost per unit Retail price per unit $840 $965 $1,750 $955 $480 Beginning inventory February 5 February 9 March 3 Units sold The cost of goods sold is $ (Type an integer or a decimal.) 45 24 16 27 77 $2,115 $1,205 $700 Use the following inventory table to find the cost of goods sold using the last-in, first-out (LIFO) inventory method. Date of purchase Units purchased Cost per unit Retail price per unit $840 $965 $1,750 $955 $480 Beginning inventory February 5 February 9 March 3 Units sold The cost of goods sold is $ (Type an integer or a decimal.) 45 24 16 27 77 $2,115 $1,205 $700

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To calculate the cost of goods sold COGS using the lastin firstout LIFO inventory method ... View the full answer