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Determine the ending inventory for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method. Date Item Units Cost
Determine the ending inventory for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method.
| Date | Item | Units | Cost | Total |
| Beg Inventory | 5 | $5 | $25 | |
| September 4 | Purchase | 8 | $6 | $48 |
| September 8 | Sale | 6 | ||
| September 20 | Purchase | 15 | $7 | $150 |
| September 25 | Sale | 12 |
a. $73.
b. $105.
c. $70.
d. $58.
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