A company had inventory on november 1 of 13 units at a cost, Financial Accounting

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A company had inventory on november 1 of 13 units at a cost

A company had inventory on November 1 of 13 units at a cost of $17 each. On November 2, they purchased 18 units at $18 each. On November 6, they purchased 14 units at $20 each. On November 8, 16 units were sold for $29 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

$543

$522

$524

$493

$509

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Financial Accounting: A company had inventory on november 1 of 13 units at a cost

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Financial Accounting: A company had inventory on november 1 of 13 units at a cost

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