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Question 20 Leno uses a perpetual inventory system. The company's beginning inventory of a...

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Accounting

Question 20
Leno uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows:
Purchase Feb. 4
16 gizmos @ $11 each
Purchase Feb. 13
14 gizmos @ $18 each
Purchase Feb. 27
23 gizmos @ $24 each
On February 17(Hint: before Feb. 27 purchase) the company sold 20 units of this product.
Assuming LIFO, the ending inventory at February 28 is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT
USING $ SIGN
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