A company had an inventory on November 1 of 5 units at a cost of $20 each. On November 2, they bought 10 units for $22 each. On November 6, they bought 6 units for $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

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I The value of the inventory on November 8 after the sale is as follows ... View the full answer