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Calculate the Glasgow ending inventory

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Question - Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.30 each. During the period, the company purchased inventory items as follows. Glasgow sold 260 units after purchase 3 for $10.60 each.

Purchase

Number of Items

Cost

1

240

$2.80

2

170

$2.90

3

50

$3.30

If the company uses the LIFO cost flow method, calculate the Glasgow's ending inventory?

Reference no: EM132594074

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