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A company had inventory on November 1 of 5 units at a cost of $23 each. On November 2, they purchased 13 units at $25
A company had inventory on November 1 of 5 units at a cost of $23 each. On November 2, they purchased 13 units at $25 each. On November 6 they purchased 9 units at $28 each. On November 8, 10 units were sold for $58 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
Multiple Choice $438 $418 $415 $428 $427
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