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On may 5 the company sells 30 units for 84 each if the

Question - A company has 19 units in inventory at the beginning of May and paid $55 for each unit. On May 2, the company buys 24 more units and pays $57 for each unit. On May 5, the company sells 30 units for $84 each. If the company maintains its inventory using LIFO, what is the cost of merchandise sold?

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Accounting Basics: On may 5 the company sells 30 units for 84 each if the

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Accounting Basics: On may 5 the company sells 30 units for 84 each if the

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