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Mountain View uses LIFO costing and the perpetual method. On December 1 st they purchased 1,800 units at $6 each; on December 5 th they

  1. Mountain View uses LIFO costing and the perpetual method. On December 1st they purchased 1,800 units at $6 each; on December 5th they purchase an additional 1,000 units for $7 each; on December 10th they sold `1,500 units for$10 each. What is the value of their ending inventory on December 31st?
    1. $2,800
    2. $13,600
    3. $8,800
    4. $7,800

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