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Janet Company started business on March 1st and applies the periodic inventory system. It had...

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Accounting

Janet Company started business on March 1st and applies the periodic inventory system. It had the following inventory transactions:

Purchases:

Date Received Quantity Unit Cost

3/4 72 $5.00

3/12 48 $8.00

3/20 75 $10.00

Units sold: 110

Compute cost of goods sold using the LIFO method.

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