RJ Corporation has provided the following information about one of its inventory items: ...
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Accounting
RJ Corporation has provided the following information about one of its inventory items:
Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 403 $ 3,230 6/6 Purchase 803 $ 3,615 9/10 Purchase 1,215 $ 4,030 11/15 Purchase 803 $ 4,260 During the year, RJ sold 3,030 units. What was cost of goods sold using the LIFO cost flow assumption under a periodic inventory system?
Potential Answers: $11,805,145. $11,695,325. $11,768,284. $11,895,145.
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