Business, 15.04.2020 01:25, borgesalfonso12

Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the perpetual LIFO inventory method, what is the value of inventory after the October 4 sale?
A) $3,461
B) $3,500
C) $3,445
D) $3,485
E) $3,472

Answers: 3

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Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it pur...