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A company had inventory on November 1 of 5 units at a cost of $30 each. On November 2, they purchased 20 units at $32 each. On November 6 they purchased 16 units at $35 each. On November 8, 18 units were sold for $65 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $784 $756 A company purchased a new delivery van at a cost of $50,000 on July 1. The delivery van is estimated to have a useful life of 5 years and a salvage value of $3,800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 312 Multiple Choice $5,000. $5,380. $9,240. $4,620. $4,560