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Starlight Company has inventory of 8 units at a cost of $200 each on October...

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Accounting

Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what is the value of inventory after the October 4 sale?

$3,485.

$3,445.

$3,500.

$3,472.

$3,461.

Answer & Explanation Solved by verified expert
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