What is the cost of goods sold

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Reference no: EM13258536

A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume LIFO)?

a.) 9,000
b.) 8,350
c.) 7,700
d.) 8,100

 

Reference no: EM13258536

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