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Ending inventory assuming lifo

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Reference no: EM13917136

Inventory records for Dunbar Incorporated revealed the following:

Date

Transaction

Number
of Units

Unit
Cost

  Apr. 1

Beginning inventory

450    

$2.19    

  Apr. 20

Purchase

410    

2.69    

Dunbar sold 590 units of inventory during the month. Ending inventory assuming LIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount):

$726.

$591.

$1,103.

$986.

Reference no: EM13917136

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