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A company had inventory of 17 units at a cost of $21 each on November 1. On November 2, they purchased 22 units at $22 each. On November 6, they purchased 18 units at $23 each. On November 8, they sold 42 units for $66 each. Using the LIFO periodic inventory method, what was the cost of the 42 units sold?

$991

$910

$1,297

$940

$966

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91393774

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