Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at
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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning inventory 15 units @ $27 = $405 June 15 June 29 Sale Purchase 6 units @ $57 8 units @ $32 = $256 The cost of the ending inventory is:
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