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Unitech Has the Following Inventory Information

Question 132

Multiple Choice

Unitech has the following inventory information. Unitech has the following inventory information. A physical count of merchandise inventory on July 31 reveals that there are 75 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is A) $1,450. B) $1,550. C) $3,450. D) $3,550. A physical count of merchandise inventory on July 31 reveals that there are 75 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is


A) $1,450.
B) $1,550.
C) $3,450.
D) $3,550.

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