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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.

June 1 Beginning inventory: 15 units at $20 each.
June 15 Sale of 12 units for $50 each.
June 29 Purchase of 8 at $25 each.

what is the cost of the ending inventory ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M966346

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