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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 28 units at $210 19 units February: 38
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 28 units at $210 19 units February: 38 units at $215 18 units May: September: 30 units at $225 21 units November: 28 units at $23 35 units 33 units at $228 22units On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month) Multiple Choice $13,596 $9,060 $20.945. $14,751 $14,174
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