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A company made the following merchandise purchases and sales during the month of July: July 1 purchased 380 units at $15 each July 5 purchased
A company made the following merchandise purchases and sales during the month of July: July 1 purchased 380 units at $15 each July 5 purchased 270 units at $20 each July 9 sold 500 units July 14 purchased 300 units at $24 each July 20 sold 250 units There was no beginning inventory. If the company uses the Last In, First Out (LIFO) inventory valuation method and the perpetual inventory system, what would be the cost of the 200 units in ending inventory?
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