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A company had the following purchases and sales during the month of November: Date November 1 November 2 Activities Beginning inventory Purchase November 6

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A company had the following purchases and sales during the month of November: Date November 1 November 2 Activities Beginning inventory Purchase November 6 Purchase Units Acquired at Cost 5 units @ $22 = $110 10 units @$24 = $240 6 units @ $27 = $162 Units Sold at Retail November 8 Sales 8 units @ $58 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

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