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The Xu Corporation uses a periodic Inventory system. The company has a beginning inventory of...

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The Xu Corporation uses a periodic Inventory system. The company has a beginning inventory of 550 units at $8 ach on January 1 Xu purchases 800 units at $7 each in February and 350 units at $9 each in March. There were no additional purchases of sales during the remainder of the year Xu sells 600 units during the quarter. If Xu uses the LIFO method, what is its cost of goods sold? Multiple Choice $4,900 $4,700 $5,400 $300 Next > 18 of 25

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