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what is it? A company's inventory records indicate the following data for the month of January Date Activities Units Acquired at cost Units Sold at
what is it?
A company's inventory records indicate the following data for the month of January Date Activities Units Acquired at cost Units Sold at Retail January 1 Beginning inventory 430 units @ $18 - $7,740 January 8 Purchase 410 units @ $20 = $8,200 January 12 Sale 740 units @ $70 January 17 Purchase 470 units @ $22 - $10,340 January 23 Sale 335 units @ $70 January 28 Purchase 530 units @ $24 = $12,720 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Multiple Choice $17,490 $21,510 $15,490 Step by Step Solution
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