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Given the following information,determine the cost of goods sold at November 30 using the LIFO perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit
November 18: 30 units were purchased at $10.75 per unit
November 30: 20 units were sold at $55 per
6 ¾% Bond
A debt security issued with an interest rate of six and three-quarters percent, denoting the annual return to investors.
Current Yield
A financial ratio that measures the annual income (interest or dividends) from an investment as a percentage of the current price of the security.
10 ½% Bond
A bond that pays an annual interest rate of 10.5% to its holder.
Yield To Maturity
The total expected return on a bond if held until it matures, including interest payments and capital gains or losses.
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