Adam Inc.uses a perpetual inventory system. 
If Adam uses the LIFO method,how much is cost of goods sold for the sale of January 15?
Definitions:
Machinery
Equipment, especially of a mechanical nature, used in the production process of goods.
Petroleum
A liquid that occurs naturally under the surface of the Earth, which can be processed into fuel and a range of chemical products.
Labor Productivity
A measure of economic performance calculated by dividing total output by the total number of hours worked.
Wages
Payments made to laborers or employees for their work or services, typically provided on an hourly, daily, or piecework basis.
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