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Required information Use the following information for the Quick Study below. ( Algo ) ( 5 - 7 ) Skip to question [ The following

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Use the following information for the Quick Study below. (Algo)(5-7)
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A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 430 units. Ending inventory at January 31 totals 170 units.
Units Unit Cost
Beginning inventory on January 1390 $ 3.80
Purchase on January 9904.00
Purchase on January 251204.10
QS 5-6(Algo) Perpetual: Inventory costing with LIFO LO P1
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
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