Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO...
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Aiello, Inc. had the following inventory in its fiscal year. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1: 260 units @ $15.00 Purchase 400 units @ $18.00 Purchase 100 units @ $13.50 Purchase 220 units @ $15.75 Ending Inventory, December 31: 240 units The companys cost of goods sold for its fiscal year is: Select one: a. $3,600.00 b. $12,180.00 c. $12,315.00 d. $10,611.50 e. None of these are correct.
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