Question: Illusions, Inc. had the following inventory data: Date Quantity Unit Cost July 1 Beginning inventory 5 $48 July 4 Purchase 10 $57 July 7 Sale

Illusions, Inc. had the following inventory data: Date Quantity Unit Cost July 1 Beginning inventory 5 $48 July 4 Purchase 10 $57 July 7 Sale 12 July 11 Purchase 9 $59 July 14 Sale 8 Assuming LIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) $236 B) $203 C) $229 D) $192

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