A company had the following purchases and sales during the month of November: Date Activities...
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Accounting
A company had the following purchases and sales during the month of November: Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 5 units @ $60 = $300 November 2 Purchase 10 units @ $62 = $620 November 6 Purchase 6 units @ $65 = $390 November 8 Sales 8 units @ $115 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? Multiple Choice $816 $808 $904 $800 $796
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