Problem

Wasson Company purchased items of inventory as follows:Dec. 2 50 units @ $20Dec. 12 12 uni...

Wasson Company purchased items of inventory as follows:

Dec. 2 50 units @ $20

Dec. 12 12 units @ $21

Wasson sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO inventory method.

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