A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, they purchased. 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, they sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the cost of the 18 units sold? $395 $410 $450 $510 $520 A company's store was destroyed by a fire on February 10 of the current year. The only information for the current period that could be salvaged include the following: Beginning inventory, January 1; $34,000 Purchases to date: $118,000 Sales to date: $ 140,000 Historically, the company's gross profit ratio has been 30 %. Estimate the value of the destroyed inventory using the gross profit method