Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1Beginning inventory46 units at $20 eachJune 15Sale of 38 units for $50 each June 29Purchase38 units at $25 eachThe cost of the ending inventory is:
A. $760
B. $950
C. $1150
D. $1110
E. $920
Answer: D
Business
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