Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1Beginning inventory15 units at $20 eachJune 15Sale of 6 units for $50 each June 29Purchase8 units at $25 eachThe cost of the ending inventory is:
A. $380
B. $200
C. $220
D. $300
E. $275
Answer: A
Business
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