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The Rock Supply Co. uses the perpetual inventory procedure and the LIFO method of inventory costing. Following are inventory data for 2017. Purchases Sales January

The Rock Supply Co. uses the perpetual inventory procedure and the LIFO method of inventory costing. Following are inventory data for 2017.

Purchases Sales

January 10 600 units at $8.00 March 17 400 units

March 15 800 units at $7.60 October 5 1,300 units

May 18 500 units at $8.20

December 30 600 units at $8.00

If there was no beginning inventory, the cost of the ending inventory is:

$6,400

$7,080

$6,880

$8,030

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