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The Exclusive Company uses the perpetual inventory system. The Exclusive Company has the following data available for the month of January: Date Jan. 1 Transaction
The Exclusive Company uses the perpetual inventory system. The Exclusive Company has the following data available for the month of January: Date Jan. 1 Transaction Beginning inventory Jan. 9 Purchase Jan. 10 Sale Jan. 15 Purchase Jan. 18 Sale Jan. 24 Purchase Units Unit Cost 400 $1.00 300 $1.10 400 400 $1.16 300 400 $1.26 What is the cost of ending inventory on January 31 using LIFO? OA. $920 OB. $730 OC. $968 OD. $846 Click to select your
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