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Current Attempt in Progress Sheridan Corp. sells one product and uses a perpetual inventory...

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Accounting

Current Attempt in Progress
Sheridan Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that cost $20 per unit. During the current month, the company purchased 485 units at $20 each. Sales during the month totaled 356 units for $46 each. What is the cost of goods sold using the LIFO method?
$9700.
$1540.
$16376.
$7120.
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