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A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2. they purchased 10 units at $22
A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2. they purchased 10 units at $22 each, On November 6 they purchased 6 units at $25 each On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method. What was the value of the inventory on November 8 after the sale? $304 $296 $288 $280 $276
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