Lancaster Company has the following data available:
Transaction Units Purchased Unit Co...
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Lancaster Company has the following data available:
Transaction Units Purchased Unit Cost Units Sold
Beginning Inventory 500 $10
March 1 Purchase 200 $12
April 25 Sale 350
June 10 Purchase 300 $14
July 20 Sale 250
October 30 Purchase 350 $15
December 15 Sale 400
If Lancaster Company uses a perpetual LIFO inventory system, the cost of goods sold for the year is
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