Classic Floors has the following inventory data: July 1 5 Beginning inventory Purchases Sale Purchases...
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Classic Floors has the following inventory data: July 1 5 Beginning inventory Purchases Sale Purchases 14 29.0 units at $6 115.0 units at $6 77.0 units 58.0 units at $7 54.0 units 21 30 Sale Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? $1293 $662 $858 $435
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