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A company had inventory of 17 units at a cost of $21 each on November 1. On November 2, they purchased 22 units at $22 each. On November 6, they purchased 18 units at $23 each. On November 8, they sold 42 units for $66 each. Using the LIFO perpetual inventory method, what was the cost of the 42 units sold?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947673

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