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Question(s) / Instruction(s):

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units.

                                                                                Units                     Unit Cost

  Beginning inventory on January 1           320                         $6.00   

  Purchase on January 9                                 85                           6.40   

  Purchase on January 25                               110                         6.60   


What is the cost of the 155 units that remain in ending inventory at January 31, assuming the costs assigned to ending inventory based on a perpetual inventory system and use of LIFO. 

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