Question
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 20 units at $190 12 units February: 30
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 20 units at $190 12 units February: 30 units at $195 12 units May: 25 units at $200 16 units September: 22 units at $205 15 units November: 20 units at $210 24 units On December 31, there were 38 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) Multiple Choice $9,575. $7,445. $9,163. $9,365. $13,965.
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