A company had inventory on November 1 of 5 units at a cost of $10 each. On November 2, they purchased 19 units at $12 each. On November 6 they purchased 15 units at $15 each. On November 8, 17 units were sold for $45 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale?
A. $264
B. $309
C. $254
D. $230
E. $247
Answer: C
Business
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