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Find the value assigned to ending inventory

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Reference no: EM132592798

Question - Niles Co. has the following data related to an item of inventory:

Inventory, March 1 200 units @ $2.00

Purchase, March 7 700 units @ $2.20

Purchase, March 16 140 units @ $2.25

Inventory, March 31 260 units

Find the value assigned to ending inventory if Niles uses LIFO?

Reference no: EM132592798

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