A company had inventory on november 1 of 7 units at a cost, Ask an Expert

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A company had inventory on November 1 of 7 units at a cost of $11 each. On November 2, they purchased 12 units at $12 each. On November 6, they purchased 8 units at $14 each. On November 8, 10 units were sold for $23 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966393

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