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What was ending inventory using the lifo cost flow

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Problem - Provided the following information about one of its inventory items.During the year, the company sold 3,200 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?

Date Transaction Number of Units Cost per Unit
1-Jan Beginning Inventory 660 $2,500
6-Jun Purchase 865 $3,925
10-Sep Purchase 1,265 $4,975
15-Nov Purchase 880 $5,500

Reference no: EM131736024

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