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A company had the following purchases and sales during its first year of operations: DATE TRANSACTION Jan 1 Jan 15 March 12 April 3 May
A company had the following purchases and sales during its first year of operations: DATE TRANSACTION Jan 1 Jan 15 March 12 April 3 May 3 May 25 August 5 September 15 October 4 November 20 10 units @ $120 - Beg. Inventory 6 units - Sale 20 units @ $125 - Purchase 5 units - Sale 15 units @ $130 - Purchase 9 units - Sale 12 units @ $135 - Purchase 8 units-Sale 10 units @ $140 - Purchase 13 units - Sale On December 31, there were 26 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory
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