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ANSEN Company uses the perpetual inventory system and the LIFC method to value inventories. On August 1, there were 10,000 units valued at $40,000 in

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ANSEN Company uses the perpetual inventory system and the LIFC method to value inventories. On August 1, there were 10,000 units valued at $40,000 in inventory. On August 10, 20,000 units were purchased for $8 per unit. On August 15, 24,000 units were sold for $16 per unit. The ending inventory is 6,000 units worth $48,000 6,000 units worth $24.000. 24,000 units worth $384,000. 24,000 units worth $176,000

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