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Calculate the cost of ending inventory on December

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Reference no: EM133006261

Question - A company purchased 200 units for $20 each on January 31. It purchased 400 units for $40 each on February 28. It sold a total of 450 units for $110 each from March 1 through December 31. If the company uses the last-?in, first-out inventory costing? method, calculate the cost of ending inventory on December 31.? (Assume that the company uses a perpetual inventory? system.

Reference no: EM133006261

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