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Calculate the amount of ending inventory on December

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Question - A company purchased 100 units for 30 dollars each on January 31. It purchased 400 units for 20 dollars each on February 28th. It sold a total of 470 units for 110.00 each from March thru December 31. If the company uses the last in, first out inventory costing method, calculate the amount of ending inventory on December 31.

600

2400

900

30

Reference no: EM132161370

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