Question 25 of 30
Silicon Valley Company has the following inventoryinformation.
July 1 BeginningInventory 10 units at $90
5 Purchases 60 units at $92
14 Sale 40 units
21 Purchases 30 units at $95
30 Sale 28 units
Assuming that a perpetual inventory system is used, what is theending inventory on a LIFO basis?
None of these answers are correct$2,924$2,930$6,346$3,034
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