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QUESTION 1 A company had the following purchases and sales during its first year of operations: table [ [ , Purchases,Sales ] , [
QUESTION
A company had the following purchases and sales during its first year of operations:
tablePurchases,SalesJanuary: units at $ unitsFebruary: units at $ unitsMay: units at $ unitsSeptember: units at $ unitsNovember: units at $ units
On December there were units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? Assume all sales were made on the last day of the month.
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$
$
$
$
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