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Follman Fabricators, Inc. has 10 units in beginning inventory...

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Accounting

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Follman Fabricators, Inc. has 10 units in beginning inventory costing $30 each. It purchased 90 more for $24 each during the month. The company sold 80 units during the month. Calculate cost of goods sold and ending inventory using LIFO. Cost of goods sold- $1,920 Ending inventory $540 O True O False

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