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[The following information applies to the questions displayed below.]
Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below:
[The following information applies to the questions displayed below.] Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below:    At December 31 the ending inventory consisted of 1,500 units. -Compute the cost of goods sold for the current year based on the LIFO method of inventory valuation. A) $12,500 B) $29,175 C) $10,975 D) $27,650 At December 31 the ending inventory consisted of 1,500 units.
-Compute the cost of goods sold for the current year based on the LIFO method of inventory valuation.


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