Question: Moon Enterprises sells its product for $ 2 2 . 1 6 per unit and uses the LIFO, perpetual method for tracking inventory costs. The

Moon Enterprises sells its product for $22.16 per unit and uses the LIFO, perpetual method for tracking inventory costs.
The following sequence of events has occurred during the month of February.
Date Event
Feb 1 Beginning Inventory: 110 units @ $10/unit
Feb 3 Purchase 60 units @ $12.93/unit
Feb 7 Sell 40 units
Feb 11 Purchase 50 units @ $12.46/unit
Feb 17 Sell 90 units
Feb 23 Purchase 100 units @ $12.79/unit
(round all calculations to the hundredths place; enter your answer rounded to the hundredths place)
What is the total value of inventory on February 18?

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