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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 @ $20 - $100 10 units @ $22 - $220 6 units $25 - $150 8 units @ $55 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $296 $288 $280 O o $304 a $276

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