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Business, 12.08.2019 17:10 Snowball080717

Chess top uses the periodic inventory system. for the current month, the beginning inventory consisted of 360 units that cost $65 each. during the month, the company made two purchases: 540 units at $68 each and 270 units at $70 each. chess top also sold 900 units during the month. using the lifo method, what is the amount of cost of goods sold for the month?
(a) $60,786
(b) $58,500
(c) $61,470
(d) $60,120

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Chess top uses the periodic inventory system. for the current month, the beginning inventory consist...
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