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Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,400 units of inventory that cost $8.75 each. At a later date the company purchased an

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Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,400 units of inventory that cost $8.75 each. At a later date the company purchased an additional 1,500 units of inventory that cost $9.25 each. If Melbourne uses a LIFO cost flow method, and sells 1700 units of inventory, the amount of ending inventory appearing on the balance sheet will be: Multiple Choice $15.625 $10.800 $11100 Multiple Choice $15,625 $10,800. $11,100 $10,500

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