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What is the cost of the ending inventory

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Reference no: EM132822914

Question - A company had the following purchases and sales during its first year of operations:

 

Purchases

Sales

January:

22 units at $180

14 units

February:

32 units at $185

12 units

May:

27units at $190

16 units

September:

24 units at $195

15 units

November:

22 units at $200

28 units

On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory?

Reference no: EM132822914

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