Question
A company had inventory on November 1 of 5 units at a cost of $10 each. On November 2, they purchased 19 units at $12
A company had inventory on November 1 of 5 units at a cost of $10 each. On November 2, they purchased 19 units at $12 each. On November 6 they purchased 15 units at $15 each. On November 8, 17 units were sold for $45 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? $254 $309 $247 $264 $230 A company had inventory on November 1 of 5 units at a cost of $10 each. On November 2, they purchased 19 units at $12 each. On November 6 they purchased 15 units at $15 each. On November 8, 17 units were sold for $45 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? $254 $309 $247 $264 $230
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