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A company had the following purchases and sales during the month of November: Units Sold at Retail Date November 1 November 2 November 6 November
A company had the following purchases and sales during the month of November: Units Sold at Retail Date November 1 November 2 November 6 November 8 Activities Beginning inventory Purchase Purchase Sales Units Acquired at Cost 5 units @ $38 = $190 10 units @ $40 = $400 6 units @ $43 = $258 8 units @ $82 Using the LIFO perpetual Inventory method, what was the value of the Inventory on November 8 after the sale? Multiple Choice $574 $522 O O $510 $530 O O $514
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