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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 28 units at $20 each June

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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 28 units at $20 each June 1 Beginning inventory Sale of 20 units for $50 each June 15 20 units at $25 each Purchase June 29 The cost of the ending inventory Multiple Choice $500 $660 $560 $400 $700

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