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Return company had the following purchases and sales during its first year of operations: PurchasesS ales January: 10 units at $120 6 units February: 20

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Return company had the following purchases and sales during its first year of operations: PurchasesS ales January: 10 units at $120 6 units February: 20 units at $125 5 units May: September: 12 units at $135 8 units November: 10 units at $140 13 units 15 units at $130 9 units n December 31, there were 26 units remaining in ending inventory Using the Perpetual LIFO inventory valuation method, what is the cost f the ending inventory? (Assume all sales were made on the last day of the month) Multiple Choice

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