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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

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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 8 Activities Beginning inventory Purchase Purchase Sales Units Acquired at Cost 5 units @ $30 = $150 10 units @ $32 - $320 6 units @ $35 - $210 8 units @ $70 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $426 $418 G o $454 $410 Next >

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