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Strods Company Reported the Following Purchases and Sales for Its

Question 192

Multiple Choice

Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO. Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO. A) $2,860 B) $2,460 C) $2,590 D) $2,850 E) $2,980


A) $2,860
B) $2,460
C) $2,590
D) $2,850
E) $2,980

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