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A company had the following purchases and sales during the month of November: Date Units sold at Retail November 1 November 2 November 6 November
A company had the following purchases and sales during the month of November: Date Units sold at Retail November 1 November 2 November 6 November 8 Activities Beginning inventory Purchase Purchase Sales Units Acquired at Cost 5 units @ $42 = $210 10 units @ $44 = $440 6 units @ $47 = $282 units @ $88 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice o $574 O $566 O $582 O $562 (0) $634
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