A company's inventory records indicate the following data for the month of January: ...
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Accounting
A company's inventory records indicate the following data for the month of January:
Jan. 1
Beginning 180 units at $9 each
Jan. 5
Purchased 170 units at $10 each
Jan. 9
Sold 300 units at $35 each
Jan. 14
Purchased 200 units at $11 each
Jan. 20
Sold 150 units at $35 each
Jan. 30
Purchased 230 units at $12 each
What is the amount of cost of goods sold for January, if the company uses the LIFO, FIFO and weighted average perpetual inventory system?
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