A corporation uses a LIFO perpetual inventory system. August 2, 25 units were purchased at $12 per unit.
August 5, 10 units were purchased at $13 per unit.
August 15, 12 units were sold at $25 per unit.
August 18, 15 units were purchased at $14 per unit.
What was the amount of the ending inventory for the month of August?
A)$496.00
B)$486.00
C)$492.57
D)$300.00
E)$510.00

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The Answer of A corporation uses a LIFO perpetual inventory system. August 2, 25 units were purchased at $12 per unit.
August 5, 10 units were purchased at $13 per unit.
August 15, 12 units were sold at $25 per unit.
August 18, 15 units were purchased at $14 per unit.
What was the amount of the ending inventory for the month of August?
A)$496.00
B)$486.00
C)$492.57
D)$300.00
E)$510.00

A Corporation Uses a LIFO Perpetual Inventory System