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Tatsoi Company's Purchase and Sales Transactions for the Month of May

Question 50

Multiple Choice

Tatsoi Company's purchase and sales transactions for the month of May were as follows:
Tatsoi Company's purchase and sales transactions for the month of May were as follows: <sup> </sup> <sup> </sup> Assuming that the company keeps perpetual inventory records, Tatsoi's cost of goods sold for the month of May on a LIFO basis is A) ¥468,000. B) ¥1,917,000. C) ¥2,385,000. D) ¥4,347,000.
Assuming that the company keeps perpetual inventory records, Tatsoi's cost of goods sold for the month of May on a LIFO basis is


A) ¥468,000.
B) ¥1,917,000.
C) ¥2,385,000.
D) ¥4,347,000.

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