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What is the cost of the ending inventory

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Reference no: EM132559090

Question - A company had the following purchases and sales during its first year of operations:

Purchases Sales

January: 10 units at $1557 units

February: 20 units at $1605 units

May: 15 units at $1659 units

September: 12 units at $1708 units

November: 10 units at $17511 units

On December 31, there were 27 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

Reference no: EM132559090

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