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What is the cost of the ending inventory

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Reference no: EM132099845

Question - A company had the following purchases during the current year:

January:

10 units at $120

February:

20 units at $125

May:

15 units at $130

September:

12 units at $135

November:

10 units at $140

On December 31, there were 26 units remaining in ending inventory. Using the LIFO inventory valuation method, what is the cost of the ending inventory?

$3,280.

$3,200.

$3,445.

$3,540.

$3,640.

Reference no: EM132099845

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