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Weiss Company purchased two identical inventory items. The first purchase cost $22 and the second cost $24. The Company sold one of the items for

Weiss Company purchased two identical inventory items. The first purchase cost $22 and the second cost $24. The Company sold one of the items for $30. If the Company uses the LIFO cost flow method, the balance in the inventory account after the sale transaction will be:

Multiple Choice

$22.

$24.

$6.

$23.

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