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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 @ $32 = $160 10 units @ $34 = $340 6 units @ $37 = $222 8 units @ $73 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale
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