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West Co. recorded the following inventory information during the month of February: Units Unit cost Total cost Units on Hand Balance on 2/1 800 $2

West Co. recorded the following inventory information during the month of February:



Units

Unit cost

Total cost

Units on Hand

Balance on 2/1

800

$2

$1,600

800

Purchased on 2/8

1,000

$3

$3,000

1,800

Sold on 2/14

1,500



300

Purchased on 2/17

2,000

$1

$2,000

2,300

Sold on 2/23

1,600



700

Purchased on 2/28

800

$4

$3,200

1,500


West uses the LIFO method to cost inventory. What amount should West report as inventory at the end of February under each of the following methods of recording inventory?

a) Perpetual: $4,200, Periodic: $3,700.

b) Perpetual: $3,700, Periodic: $3,700.

c) Perpetual: $3,700, Periodic: $4,200.

d) Perpetual: $4,200, Periodic: $4,200.

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