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Nordic Industries Uses a Periodic Inventory System

Question 3

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Nordic Industries uses a periodic inventory system.During its first month of operations,Nordic Industries purchased inventory as follows: Nordic Industries uses a periodic inventory system.During its first month of operations,Nordic Industries purchased inventory as follows: There were 100 units in ending inventory on January 31. Under the LIFO cost method,what is the cost of goods sold for January? A) $17,250 B) $19,500 C) $18,750 D) $18,000 There were 100 units in ending inventory on January 31.
Under the LIFO cost method,what is the cost of goods sold for January?


A) $17,250
B) $19,500
C) $18,750
D) $18,000

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