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Determine the cost of the inventory at June

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Question - 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 6 units for $50 each

June 29 Purchase8 units at $25 each

Required - Find the cost of the ending inventory?

a. $200

b. $220

c. $380

d. $275

e. $300

Reference no: EM132626867

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