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Perch Company Reported the Following Purchases and Sales for Its

Question 138

Multiple Choice

Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. A) $2,260 B) $3,180 C) $1,860 D) $3,580 E) $2,100


A) $2,260
B) $3,180
C) $1,860
D) $3,580
E) $2,100

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