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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 Beginning inventory 34 units
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.
June 1 | Beginning inventory | 34 units at $20 each |
June 15 | Sale of 26 units for $50 each | |
June 29 | Purchase | 26 units at $25 each |
The cost of the ending inventory is:
Multiple Choice O $810 $850 O O $680 O $650 O $520Step by Step Solution
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