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accounting 290
A company just starting business made the following inventory transactions in August:
| Purchase on August 1 | 300 units | $1,560 | ||
| Sale on August 8 | 200 units | 3,400 | ||
| Purchase on August 12 | 400 units | 1,340 | ||
| Sale on August 24 | 350 units | 5,950 |
Using the LIFO inventory method, how much is cost of goods sold for August using a perpetual inventory system?
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