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Eastview Company Uses a Periodic LIFO Inventory System, and Has

Question 224

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Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales:  January 1 150 units were purchased at $9 per unit.  January 17 120 units were sold  January 20 160 units were purchased at $11 per unit.  January 29 150 units were sold \begin{array} { | l | l | } \hline \text { January 1 } & 150 \text { units were purchased at \$9 per unit. } \\\hline \text { January 17 } & 120 \text { units were sold } \\\hline \text { January 20 } & 160 \text { units were purchased at \$11 per unit. } \\\hline \text { January 29 } & 150 \text { units were sold } \\\hline\end{array}
- What is the value of cost of goods sold?


A) $440.
B) $2,750.
C) $2,730.
D) $2,670.
E) $380.

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