Question: Purchases 8 0 0 0 widgets at $ 1 each Sold 2 0 0 0 widgets for $ 5 each Purchased $ 1 0 0

Purchases 8000 widgets at $1 each
Sold 2000 widgets for $5 each
Purchased $1000 widgets at $1.25 each
Ending Inventory =80002000+1000=7000. Calculate perpetual LIFO. Show math please.

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