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need help Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G
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Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $4.00 per letter. In February, it purchased H thru L at $6.00 per letter. It purchased M thru R in March at $7.00 per letter. It sold A, D, E, H, J and Nin October. There were no additional purchases or sales during the remainder of the year If Alphabet Company uses the LIFO method, what is the cost of its ending inventory? Multiple Choice $58.00 $24.00 $42.00 $76.00 Step by Step Solution
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