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Character Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of six units at $6
Character Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of six units at $6 per unit. The company purchased three units at $8 per unit in February, sold seven units in October, and purchased three units at $9 per unit in December If Character Company uses the LIFO method, what is the cost of its ending inventory? Multiple Choice $48 $39 $57 $87
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