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A company had the following purchases and sales during the month of November November 1 November 2 November 6 November 8 Beginning inventory Purchase
A company had the following purchases and sales during the month of November November 1 November 2 November 6 November 8 Beginning inventory Purchase Purchase Sales 5 units @ $24 $120 10 unite $26-$260 6 units @ $29 $174 8 units $61 Using the LIFO perpetual inventory method, what was the value of the Inventory on November 8 after the sale? Multiple Choice $364 $348 $332 $340
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
