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Save & Exit Submit A company sells garden hoses and uses the perpetual inventory system to account for its merchandise. The beginning balance of
Save & Exit Submit A company sells garden hoses and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during September are as follows: Date September 1 Activities September 12 Beginning inventory Purchase Units Acquired at Cost 18 units @ $13 = $234 Units Sold at Retail 30 units @ $14 = $420 September 19 Sales 24 units @ $30 September 20 24 units @ $17 = $408 September 27 Purchase Sales 27 units @ $30 Using the LIFO perpetual inventory method, what is the value of the inventory after the September 27 sale? Multiple Choice $276. $336.
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