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A company had the following purchases and sales during its first year of operations: Hop Save & Exit s! January: February: May: September: November Purchases
A company had the following purchases and sales during its first year of operations: Hop Save & Exit s! January: February: May: September: November Purchases 20 units at $170 30 units at $175 25 units at $180 22 units at $185 20 units at $190 Sales 12 units 14 units 18 units 17 units 22 units 50:54 OK On December 31, there were 34 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 $8,689 $5.975 ending inventory? (Assume all sales were made on the last day of the month.) Multiple Choice O $8,689. O O $5,975. $12,575 $9,289. $8,275
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