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ABC Company uses a perpetual inventory system. The beginning inventory of a particular product, and the purchases during November 2019 were as follows: Date Explanation
ABC Company uses a perpetual inventory system. The beginning inventory of a particular product, and the purchases during November 2019 were as follows: Date Explanation Units Unit cost Total costs Dec. 1 Purchase 40 8 320 Dec. 12 Purchase 50 9 450 Dec.23 Purchase 30 10 300 Dec.30 Sale 100 What will be cost of ending inventory under LIFO method? A. 190 B. 183 C. 160 D. 180 Select one: OA Oc OD B Next page page
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