A company purchased two identical items. Item 101 purchased in October cost $100. Item 102 purchased in November cost $110.

A company purchased two identical items. Item 101 purchased in October cost $100. Item 102 purchased in November cost $110. The business uses the Last-in, first-out (LIFO) cost flow method. If item 101 is sold to a customer, the amount assigned to cost of goods sold is ______.


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