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Starlight Company has inventory of 8 units at a cost of $200 each on October 1....

Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the perpetual LIFO inventory method, what is the value of inventory after the October 4 sale

$3,461

$3,500

$3,445

$3,485

$3,472

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Answer: $3445

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