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Find the dollar value of Cost of Goods Sold

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Question - Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date Activity Quantity Unit Price

5/1 Beginning Inventory 125 $10

5/5 Purchase 200 $12

5/15 Purchase 220 $14

5/25 Purchase 200 $16

Sales were 560 units at $20. Using the LIFO method, find the dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132653009

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