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A company had inventory on November 1 of 5 units at a cost of $26 each. On November 2, they purchased 16 units at $28
A company had inventory on November 1 of 5 units at a cost of $26 each. On November 2, they purchased 16 units at $28 each. On November 6 they purchased 12 units at $31 each. On November 8, 14 units were sold for $61 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $522 $568 $534 $548 $520
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