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A company had the following purchases and sales during its first year of operations: January: February: May: September: November: Purchases 21 units at $175 31

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A company had the following purchases and sales during its first year of operations: January: February: May: September: November: Purchases 21 units at $175 31 units at $180 26 units at $185 23 units at $190 21 units at $195 Sales 12 units 15 units 19 units 18 units 25 units On December 31, there were 33 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 $9,959 $8,883 $9.318

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