Jones Company has the following data available: Transaction Units...
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Accounting
Jones Company has the following data available:
| Transaction | Units Purchased | Unit Cost | Units Sold |
| Beginning Inventory | 850 | $30 | |
| Oct. 1 Purchase | 325 | 32 | |
| Oct. 10 Sale | 400 | ||
| Oct. 14 Purchase | 450 | 36 | |
| Oct. 20 Sale | 590 | ||
| Oct. 22 Purchase | 400 | 37 | |
| Oct. 29 Sale | 525 |
If Jones Company uses a perpetual LIFO inventory system, the cost of ending inventory on October 31 is ________.
Question content area bottom
Part 1
A.
$18,870
B.
$66,900
C.
$14,800
D.
$15,300
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