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Ch 7-2 Practice ExerciseseBookShow Me HovwPrint Item1. PE 07-02 ALGOPerpetual Inventory Using LIFOBeginning inventory, purchases, and sales for Item HM46 are as follows:2. PE.07-03.ALGOOctober 1 Inventory88 units @ $3370 units98 units @ $3782 units3. PE-07-04A5 Sale11 Purchase21 Sale4. PE 07-05 ALGOAssuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31a. Cost of merchandise sold on October 21 3,034b. Inventory on October 315. PE-07-06ALGO1,122XeedbackCheck My Work 0 more Check My Work uses remainingPreviousNextProgress: 215 itemsAssignment Score: 36.67%All work savedEmail InstructorSave and Exit Submit Assignment for Grading

Question

How do I find the value of the inventory of october 31? I tried solving for it but did not get the correct value

Ch 7-2 Practice Exercises
eBook
Show Me Hovw
Print Item
1. PE 07-02 ALGO
Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item HM46 are as follows:
2. PE.07-03.ALGO
October 1 Inventory
88 units @ $33
70 units
98 units @ $37
82 units
3. PE-07-04A
5 Sale
11 Purchase
21 Sale
4. PE 07-05 ALGO
Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31
a. Cost of merchandise sold on October 21 3,034
b. Inventory on October 31
5. PE-07-06ALGO
1,122X
eedback
Check My Work 0 more Check My Work uses remaining
Previous
Next
Progress: 215 items
Assignment Score: 36.67%
All work saved
Email InstructorSave and Exit Submit Assignment for Grading
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Ch 7-2 Practice Exercises eBook Show Me Hovw Print Item 1. PE 07-02 ALGO Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item HM46 are as follows: 2. PE.07-03.ALGO October 1 Inventory 88 units @ $33 70 units 98 units @ $37 82 units 3. PE-07-04A 5 Sale 11 Purchase 21 Sale 4. PE 07-05 ALGO Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31 a. Cost of merchandise sold on October 21 3,034 b. Inventory on October 31 5. PE-07-06ALGO 1,122X eedback Check My Work 0 more Check My Work uses remaining Previous Next Progress: 215 items Assignment Score: 36.67% All work saved Email InstructorSave and Exit Submit Assignment for Grading

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