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Calculate the amount of ending inventory on december

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Reference no: EM132040749

Question - A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold a total of 150 units for $45 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on December 31. Assume that the company uses a perpetual inventory system.

Reference no: EM132040749

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