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1/1/20 Bought 5 at $10.18 each with cash 1/5/20 Sold 2 at $20.98 each for cash 1/7/20 Bought 2 at $37.41 each with cash 1/10/20
1/1/20 Bought 5 at $10.18 each with cash 1/5/20 Sold 2 at $20.98 each for cash 1/7/20 Bought 2 at $37.41 each with cash 1/10/20 1 sold on 1/5/20 was returned - was not defective and placed back into inventory 1/15/20 Sold 2 at $40.33 each for cash Using perpetual LIFO, what will be the value of the inventory account after all of the transactions have been recorded?
1/1/20 Bought 5 at $10.18 each with cash
1/5/20 Sold 2 at $20.98 each for cash
1/7/20 Bought 2 at $37.41 each with cash
1/10/20 1 sold on 1/5/20 was returned - was not defective and placed back into inventory
1/15/20 Sold 2 at $40.33 each for cash
Using perpetual LIFO, what will be the value of the inventory account after all of the transactions have been recorded?
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