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A company had the following purchases and sales during its first year of operations:    Purchases  ...

A company had the following purchases and sales during its first year of operations:    Purchases   Sales January:   29 units at $215   20 units February:   39 units at $220   18 units May:   34 units at $225   22 units September:   31 units at $230   21 units November:   29 units at $235   37 units On December 31, there were 44 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

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