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Calculate the value of cogs lifo for company x in 2018

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Company X reported FIFO ending inventory of $114,000 and beginning inventory of $110,000 for 2018. Inventory purchases for 2018 were $237,500 and the change in the LIFO reserve for 2017 was an increase in the light for reserve of $675. Calculate the value of COGS LIFO for company X in 2018. Assume that there are no inventory write downs.

Reference no: EM132385733

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