Perpetual irventory using LIFO Beginning irventory, purchases, and sales data for prepaid cell phones for...

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Accounting

Perpetual irventory using LIFO
Beginning irventory, purchases, and sales data for prepaid cell phones for December are as follows
Inventory
Dec. 11,300 units at $37
Purchases
Dec. 10650 units at $39
20585 units at $41
b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method?
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