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Question 25 of 30 Silicon Valley Company has the following inventory information. July 1 Beginning Inventory 10 units at $90 5 Purchases 60 units at

Question 25 of 30

Silicon Valley Company has the following inventory information. July 1 Beginning Inventory 10 units at $90 5 Purchases 60 units at $92 14 Sale 40 units 21 Purchases 30 units at $95 30 Sale 28 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis?

None of these answers are correct

$2,924

$2,930

$6,346

$3,034

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