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Given the following information, determine the cost of the inventory at June 30 using the perpetual LIFO inventory method. June 1 Beginning inventory 42
Given the following information, determine the cost of the inventory at June 30 using the perpetual LIFO inventory method. June 1 Beginning inventory 42 units at $20 each June 15 Sale of 34 units for $50 each June 29 Purchase 34 units at $25 each The cost of the ending inventory is: Multiple Choice $1,010 $1,050 $680
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