Multiple Choice
A company's inventory records report the following in November of the current year: On November 8, it sold 12 units for $54 each.
-Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?
A) $210
B) $188
C) $282
D) $260
E) $254
Correct Answer:

Verified
Correct Answer:
Verified
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