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Calculate the total cost on june

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Question - A firm purchased 50 units of materials with a unit price of $1.30 on June 1. On June 15, the firm purchased 50 units with a unit price of $1.20. If the firm uses the LIFO method of inventory pricing, Calculate the total cost of 65 units issued on June 20 would be

$83.00.

$79.50.

$78.00.

$84.50.

Reference no: EM132177731

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