A company had the following purchases and sales during the month of November: Date Activities November...
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A company had the following purchases and sales during the month of November: Date Activities November 1 Beginning inventory November 2 Purchase November 6 Purchase Units Acquired at Cost 5 units @ $20 = $100 10 units @ $22 = $220 6 units @ $25 = $150 Units Sold at Retail 0:59:58 November 8 Sales 8 units @ $55 ook Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? A company had the following purchases and sales during the month of November: Date Activities November 1 Beginning inventory November 2 Purchase November 6 Purchase Units Acquired at Cost 5 units @ $20 = $100 10 units @ $22 = $220 6 units @ $25 = $150 Units Sold at Retail 0:59:58 November 8 Sales 8 units @ $55 ook Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
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